Call reports 2024
SECURITY STATE BANK — 2024
What SECURITY STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 260,036,000 | 260,508,000 | 260,463,000 | 262,167,000 |
| Total loans | 158,973,000 | 159,710,000 | 160,454,000 | 157,235,000 |
| Allowance for loan losses | 3,016,000 | 3,018,000 | 3,111,000 | 3,109,000 |
| Securities available for sale | 82,146,000 | 80,076,000 | 81,076,000 | 78,919,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 227,488,000 | 227,035,000 | 222,863,000 | 235,338,000 |
| Interest-bearing deposits | 177,585,000 | 180,500,000 | 177,219,000 | 188,334,000 |
| Noninterest-bearing deposits | 49,903,000 | 46,535,000 | 45,644,000 | 47,004,000 |
| Equity capital | 24,190,000 | 25,048,000 | 27,716,000 | 24,957,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,641,000 | 7,380,000 | 11,235,000 | 14,963,000 |
| Interest expense | 1,120,000 | 2,333,000 | 3,604,000 | 4,861,000 |
| Net interest income | 2,521,000 | 5,047,000 | 7,631,000 | 10,102,000 |
| Noninterest income | 321,000 | 820,000 | 1,241,000 | 1,628,000 |
| Noninterest expense | 1,592,000 | 3,106,000 | 4,590,000 | 6,305,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 480,000 |
| Pretax income | 1,130,000 | 2,521,000 | 4,017,000 | 4,728,000 |
| Income tax | 36,000 | 63,000 | 89,000 | 166,000 |
| Net income | 1,094,000 | 2,458,000 | 3,928,000 | 4,562,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,230,000 | 27,848,000 | 28,605,000 | 27,708,000 |