Call reports 2020
SECURITY FEDERAL BANK — 2020
What SECURITY FEDERAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 63,839,000 | 61,841,000 | 62,272,000 | 62,925,000 |
| Total loans | 44,414,000 | 42,490,000 | 42,866,000 | 41,835,000 |
| Allowance for loan losses | 448,000 | 448,000 | 440,000 | 459,000 |
| Securities available for sale | 9,017,000 | 8,348,000 | 10,265,000 | 10,179,000 |
| Securities held to maturity | 252,000 | 251,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,274,000 | 44,059,000 | 44,400,000 | 45,376,000 |
| Interest-bearing deposits | 40,717,000 | 38,294,000 | 38,565,000 | 38,664,000 |
| Noninterest-bearing deposits | 4,557,000 | 5,765,000 | 5,835,000 | 6,712,000 |
| Equity capital | 9,994,000 | 10,096,000 | 10,164,000 | 9,910,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 632,000 | 1,221,000 | 1,809,000 | 2,402,000 |
| Interest expense | 172,000 | 336,000 | 471,000 | 573,000 |
| Net interest income | 460,000 | 885,000 | 1,338,000 | 1,829,000 |
| Noninterest income | 35,000 | 204,000 | 317,000 | 408,000 |
| Noninterest expense | 457,000 | 905,000 | 1,373,000 | 1,856,000 |
| Provision for loan losses | 4,000 | 5,000 | -1,000 | 1,000 |
| Pretax income | 34,000 | 179,000 | 283,000 | 380,000 |
| Income tax | -1,000 | 27,000 | 44,000 | 38,000 |
| Net income | 35,000 | 152,000 | 239,000 | 342,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,016,000 | 9,973,000 | 10,060,000 | 9,820,000 |
| Total capital | 10,464,000 | 10,421,000 | 10,500,000 | 10,279,000 |
| Risk-weighted assets | 37,853,000 | 37,097,000 | 37,755,000 | 37,150,000 |