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 | 97,120,000 | 98,714,000 | 99,284,000 | 102,392,000 |
| Total loans | 60,628,000 | 62,566,000 | 63,491,000 | 66,983,000 |
| Allowance for loan losses | 696,000 | 696,000 | 727,000 | 732,000 |
| Securities available for sale | 29,608,000 | 27,524,000 | 26,663,000 | 25,883,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,095,000 | 90,510,000 | 90,234,000 | 93,594,000 |
| Interest-bearing deposits | 65,627,000 | 68,241,000 | 65,337,000 | 69,774,000 |
| Noninterest-bearing deposits | 23,468,000 | 22,269,000 | 24,897,000 | 23,820,000 |
| Equity capital | 7,670,000 | 7,778,000 | 8,627,000 | 7,355,000 |
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 | 1,306,000 | 2,594,000 | 3,946,000 | 4,667,000 |
| Interest expense | 407,000 | 856,000 | 1,313,000 | 1,788,000 |
| Net interest income | 899,000 | 1,738,000 | 2,633,000 | 2,879,000 |
| Noninterest income | 62,000 | 83,000 | 105,000 | 115,000 |
| Noninterest expense | 572,000 | 1,138,000 | 1,696,000 | 2,378,000 |
| Provision for loan losses | 30,000 | 30,000 | 61,000 | 66,000 |
| Pretax income | 359,000 | 652,000 | 980,000 | 551,000 |
| Income tax | 7,000 | 15,000 | 23,000 | 34,000 |
| Net income | 352,000 | 637,000 | 957,000 | 517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,969,000 | 10,085,000 | 10,235,000 | 9,201,000 |