Call reports 2010
SHERBURNE STATE BANK — 2010
What SHERBURNE STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 79,366,000 | 78,008,000 | 77,697,000 | 73,906,000 |
| Total loans | 57,757,000 | 56,821,000 | 55,120,000 | 53,324,000 |
| Allowance for loan losses | 2,157,000 | 1,944,000 | 2,618,000 | 3,700,000 |
| Securities available for sale | 0 | 0 | 5,408,000 | 6,458,000 |
| Securities held to maturity | 4,692,000 | 5,253,000 | 10,000 | 10,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,611,000 | 65,129,000 | 65,078,000 | 64,288,000 |
| Interest-bearing deposits | 52,778,000 | 50,698,000 | 49,348,000 | 47,085,000 |
| Noninterest-bearing deposits | 13,833,000 | 14,431,000 | 15,730,000 | 17,203,000 |
| Equity capital | 7,074,000 | 7,221,000 | 6,813,000 | 4,936,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 985,000 | 1,939,000 | 2,892,000 | 3,805,000 |
| Interest expense | 228,000 | 432,000 | 615,000 | 763,000 |
| Net interest income | 757,000 | 1,507,000 | 2,277,000 | 3,042,000 |
| Noninterest income | 177,000 | 318,000 | 459,000 | 329,000 |
| Noninterest expense | 803,000 | 1,549,000 | 2,345,000 | 3,235,000 |
| Provision for loan losses | 44,000 | 44,000 | 719,000 | 2,287,000 |
| Pretax income | 87,000 | 232,000 | -328,000 | -2,151,000 |
| Income tax | 4,000 | 2,000 | 2,000 | 2,000 |
| Net income | 83,000 | 230,000 | -330,000 | -2,153,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,074,000 | 7,221,000 | 6,661,000 | 4,838,000 |
| Total capital | 7,883,000 | 8,006,000 | 7,431,000 | 5,567,000 |
| Risk-weighted assets | 63,339,000 | 61,675,000 | 59,756,000 | 55,328,000 |
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