Call reports 2008
SHERBURNE STATE BANK — 2008
What SHERBURNE STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 72,931,000 | 74,918,000 | 74,561,000 | 75,126,000 |
| Total loans | 58,351,000 | 60,062,000 | 60,821,000 | 61,507,000 |
| Allowance for loan losses | 341,000 | 266,000 | 263,000 | 261,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 5,540,000 | 5,337,000 | 5,028,000 | 4,721,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,896,000 | 58,838,000 | 59,456,000 | 60,838,000 |
| Interest-bearing deposits | 53,445,000 | 45,282,000 | 45,519,000 | 47,328,000 |
| Noninterest-bearing deposits | 13,451,000 | 13,556,000 | 13,937,000 | 13,510,000 |
| Equity capital | 5,779,000 | 5,852,000 | 5,968,000 | 6,174,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,153,000 | 2,268,000 | 3,416,000 | 4,566,000 |
| Interest expense | 434,000 | 799,000 | 1,133,000 | 1,443,000 |
| Net interest income | 719,000 | 1,469,000 | 2,283,000 | 3,123,000 |
| Noninterest income | 150,000 | 315,000 | 482,000 | 620,000 |
| Noninterest expense | 757,000 | 1,491,000 | 2,269,000 | 3,041,000 |
| Provision for loan losses | 1,000 | 10,000 | 18,000 | 18,000 |
| Pretax income | 111,000 | 283,000 | 478,000 | 684,000 |
| Income tax | 32,000 | 32,000 | 32,000 | 32,000 |
| Net income | 79,000 | 251,000 | 446,000 | 652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,779,000 | 5,852,000 | 5,968,000 | 6,174,000 |
| Total capital | 6,120,000 | 6,118,000 | 6,231,000 | 6,435,000 |
| Risk-weighted assets | 61,887,000 | 62,454,000 | 63,084,000 | 63,987,000 |
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