Call reports 2011
SHERBURNE STATE BANK — 2011
What SHERBURNE STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 71,817,000 | 73,442,000 | 74,087,000 | 69,283,000 |
| Total loans | 51,217,000 | 44,765,000 | 43,349,000 | 42,356,000 |
| Allowance for loan losses | 3,695,000 | 3,000 | 245,000 | 177,000 |
| Securities available for sale | 6,817,000 | 6,864,000 | 10,699,000 | 10,127,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,098,000 | 61,109,000 | 62,319,000 | 61,669,000 |
| Interest-bearing deposits | 45,530,000 | 43,941,000 | 43,685,000 | 43,507,000 |
| Noninterest-bearing deposits | 16,568,000 | 17,167,000 | 18,634,000 | 18,162,000 |
| Equity capital | 4,914,000 | 7,395,000 | 6,968,000 | 7,438,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 834,000 | 58,000 | 1,253,000 | 2,489,000 |
| Interest expense | 121,000 | 9,000 | 37,000 | 89,000 |
| Net interest income | 713,000 | 49,000 | 1,216,000 | 2,400,000 |
| Noninterest income | 91,000 | 39,000 | 155,000 | 274,000 |
| Noninterest expense | 791,000 | 50,000 | 815,000 | 1,553,000 |
| Provision for loan losses | -18,000 | 0 | 200,000 | 282,000 |
| Pretax income | 31,000 | 38,000 | 356,000 | 839,000 |
| Income tax | 2,000 | 0 | 0 | 0 |
| Net income | 29,000 | 38,000 | 356,000 | 839,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,867,000 | 7,016,000 | 6,596,000 | 7,104,000 |
| Total capital | 5,575,000 | 7,019,000 | 6,841,000 | 7,281,000 |
| Risk-weighted assets | 53,652,000 | 51,190,000 | 53,551,000 | 52,032,000 |