Call reports 2023
SECURITY STATE BANK — 2023
What SECURITY STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 93,577,000 | 96,617,000 | 99,225,000 | 100,727,000 |
| Total loans | 54,074,000 | 54,391,000 | 54,904,000 | 59,571,000 |
| Allowance for loan losses | 686,000 | 685,000 | 666,000 | 666,000 |
| Securities available for sale | 34,323,000 | 33,051,000 | 31,454,000 | 31,858,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,368,000 | 85,792,000 | 90,053,000 | 92,854,000 |
| Interest-bearing deposits | 61,785,000 | 64,290,000 | 62,630,000 | 62,644,000 |
| Noninterest-bearing deposits | 22,583,000 | 21,502,000 | 27,423,000 | 30,210,000 |
| Equity capital | 6,742,000 | 6,579,000 | 6,276,000 | 7,226,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 966,000 | 2,006,000 | 3,143,000 | 4,138,000 |
| Interest expense | 275,000 | 631,000 | 1,036,000 | 1,418,000 |
| Net interest income | 691,000 | 1,375,000 | 2,107,000 | 2,720,000 |
| Noninterest income | 51,000 | 72,000 | 95,000 | 123,000 |
| Noninterest expense | 509,000 | 1,019,000 | 1,585,000 | 2,150,000 |
| Provision for loan losses | 0 | 17,000 | 17,000 | 17,000 |
| Pretax income | 228,000 | 396,000 | 585,000 | 660,000 |
| Income tax | 11,000 | 16,000 | 20,000 | 25,000 |
| Net income | 217,000 | 380,000 | 565,000 | 635,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,516,000 | 9,584,000 | 9,663,000 | 9,460,000 |