Call reports 2024
SECURITY BANK MINNESOTA — 2024
What SECURITY BANK MINNESOTA 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 | 150,484,000 | 146,270,000 | 143,917,000 | 144,805,000 |
| Total loans | 124,676,000 | 120,694,000 | 115,510,000 | 116,298,000 |
| Allowance for loan losses | 1,668,000 | 1,820,000 | 1,502,000 | 1,199,000 |
| Securities available for sale | 13,262,000 | 12,798,000 | 14,649,000 | 14,041,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,802,000 | 123,693,000 | 121,400,000 | 122,992,000 |
| Interest-bearing deposits | 98,209,000 | 98,378,000 | 94,963,000 | 95,729,000 |
| Noninterest-bearing deposits | 29,593,000 | 25,315,000 | 26,437,000 | 27,263,000 |
| Equity capital | 14,201,000 | 14,325,000 | 14,511,000 | 14,419,000 |
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 | 2,210,000 | 4,423,000 | 6,513,000 | 8,654,000 |
| Interest expense | 581,000 | 1,200,000 | 1,844,000 | 2,474,000 |
| Net interest income | 1,629,000 | 3,223,000 | 4,669,000 | 6,180,000 |
| Noninterest income | 35,000 | 123,000 | 151,000 | 245,000 |
| Noninterest expense | 1,074,000 | 2,100,000 | 3,152,000 | 4,595,000 |
| Provision for loan losses | 170,000 | 695,000 | 985,000 | 1,145,000 |
| Pretax income | 420,000 | 551,000 | 668,000 | 670,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 420,000 | 551,000 | 668,000 | 670,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,098,000 | 14,246,000 | 14,379,000 | 14,397,000 |
| Total capital | 15,722,000 | 15,816,000 | 15,888,000 | 15,611,000 |
| Risk-weighted assets | 129,889,000 | 125,377,000 | 120,777,000 | 120,934,000 |