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 | 52,992,000 | 52,389,000 | 50,727,000 | 50,804,000 |
| Total loans | 18,404,000 | 19,580,000 | 19,769,000 | 18,965,000 |
| Allowance for loan losses | 419,000 | 543,000 | 544,000 | 543,000 |
| Securities available for sale | 25,314,000 | 25,514,000 | 25,435,000 | 23,902,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,937,000 | 46,487,000 | 43,935,000 | 44,675,000 |
| Interest-bearing deposits | 38,150,000 | 38,414,000 | 34,375,000 | 35,843,000 |
| Noninterest-bearing deposits | 8,787,000 | 8,073,000 | 9,560,000 | 8,832,000 |
| Equity capital | 5,508,000 | 5,653,000 | 6,553,000 | 5,882,000 |
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 | 546,000 | 1,112,000 | 1,689,000 | 2,239,000 |
| Interest expense | 135,000 | 280,000 | 424,000 | 560,000 |
| Net interest income | 411,000 | 832,000 | 1,265,000 | 1,679,000 |
| Noninterest income | 50,000 | 98,000 | 140,000 | 187,000 |
| Noninterest expense | 396,000 | 765,000 | 1,146,000 | 1,560,000 |
| Provision for loan losses | 0 | 125,000 | 125,000 | 125,000 |
| Pretax income | 65,000 | 40,000 | 134,000 | 181,000 |
| Income tax | 4,000 | 4,000 | 9,000 | 8,000 |
| Net income | 61,000 | 36,000 | 125,000 | 173,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,994,000 | 7,971,000 | 8,186,000 | 8,017,000 |