Call reports 2004
SHERBURNE STATE BANK — 2004
What SHERBURNE STATE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 55,857,000 | 52,957,000 | 58,130,000 | 57,522,000 |
| Total loans | 41,110,000 | 42,381,000 | 42,113,000 | 42,782,000 |
| Allowance for loan losses | 281,000 | 308,000 | 313,000 | 320,000 |
| Securities available for sale | 175,000 | 0 | 0 | 0 |
| Securities held to maturity | 5,866,000 | 6,175,000 | 6,122,000 | 6,315,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,895,000 | 48,956,000 | 53,969,000 | 53,236,000 |
| Interest-bearing deposits | 39,355,000 | 35,651,000 | 39,033,000 | 36,523,000 |
| Noninterest-bearing deposits | 12,540,000 | 13,305,000 | 14,936,000 | 16,713,000 |
| Equity capital | 3,870,000 | 3,896,000 | 4,029,000 | 4,216,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 767,000 | 1,549,000 | 2,334,000 | 3,140,000 |
| Interest expense | 113,000 | 240,000 | 368,000 | 501,000 |
| Net interest income | 654,000 | 1,309,000 | 1,966,000 | 2,639,000 |
| Noninterest income | 116,000 | 238,000 | 358,000 | 474,000 |
| Noninterest expense | 492,000 | 1,002,000 | 1,534,000 | 2,120,000 |
| Provision for loan losses | 22,000 | 57,000 | 71,000 | 84,000 |
| Pretax income | 256,000 | 474,000 | 705,000 | 895,000 |
| Income tax | 2,000 | 4,000 | 6,000 | 8,000 |
| Net income | 254,000 | 470,000 | 699,000 | 887,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,870,000 | 3,896,000 | 4,029,000 | 4,216,000 |
| Total capital | 4,151,000 | 4,204,000 | 4,342,000 | 4,536,000 |
| Risk-weighted assets | 44,038,000 | 43,542,000 | 43,824,000 | 44,095,000 |
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