Call reports 2007
SHERBURNE STATE BANK — 2007
What SHERBURNE STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 59,822,000 | 61,239,000 | 63,674,000 | 71,370,000 |
| Total loans | 45,269,000 | 48,841,000 | 51,902,000 | 55,339,000 |
| Allowance for loan losses | 370,000 | 386,000 | 347,000 | 347,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 6,265,000 | 5,549,000 | 5,337,000 | 5,752,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,041,000 | 55,375,000 | 54,933,000 | 65,053,000 |
| Interest-bearing deposits | 39,408,000 | 39,190,000 | 39,618,000 | 50,014,000 |
| Noninterest-bearing deposits | 14,633,000 | 16,185,000 | 15,315,000 | 15,039,000 |
| Equity capital | 5,625,000 | 5,693,000 | 5,915,000 | 6,107,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,000,000 | 2,058,000 | 3,158,000 | 4,318,000 |
| Interest expense | 248,000 | 522,000 | 797,000 | 1,193,000 |
| Net interest income | 752,000 | 1,536,000 | 2,361,000 | 3,125,000 |
| Noninterest income | 132,000 | 278,000 | 428,000 | 654,000 |
| Noninterest expense | 628,000 | 1,262,000 | 1,949,000 | 2,753,000 |
| Provision for loan losses | 7,000 | 32,000 | -7,000 | -13,000 |
| Pretax income | 249,000 | 520,000 | 847,000 | 1,039,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | 248,000 | 519,000 | 846,000 | 1,038,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,625,000 | 5,693,000 | 5,915,000 | 6,107,000 |
| Total capital | 5,995,000 | 6,079,000 | 6,262,000 | 6,454,000 |
| Risk-weighted assets | 48,653,000 | 50,134,000 | 53,882,000 | 58,201,000 |
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