Call reports 2013
SHERBURNE STATE BANK — 2013
What SHERBURNE STATE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 84,278,000 | 81,083,000 | 80,935,000 | 81,523,000 |
| Total loans | 38,251,000 | 39,509,000 | 39,970,000 | 39,988,000 |
| Allowance for loan losses | 482,000 | 590,000 | 858,000 | 875,000 |
| Securities available for sale | 21,698,000 | 20,107,000 | 22,007,000 | 20,762,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,135,000 | 73,597,000 | 73,171,000 | 73,707,000 |
| Interest-bearing deposits | 52,833,000 | 46,520,000 | 50,654,000 | 48,560,000 |
| Noninterest-bearing deposits | 23,302,000 | 27,076,000 | 22,517,000 | 25,147,000 |
| Equity capital | 8,001,000 | 7,393,000 | 7,590,000 | 7,682,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 761,000 | 1,665,000 | 2,850,000 | 3,844,000 |
| Interest expense | 52,000 | 100,000 | 146,000 | 187,000 |
| Net interest income | 709,000 | 1,565,000 | 2,704,000 | 3,657,000 |
| Noninterest income | 195,000 | 412,000 | 301,000 | 428,000 |
| Noninterest expense | 700,000 | 1,443,000 | 2,155,000 | 2,879,000 |
| Provision for loan losses | 31,000 | 139,000 | 407,000 | 477,000 |
| Pretax income | 173,000 | 395,000 | 443,000 | 729,000 |
| Income tax | 2,000 | 2,000 | 0 | 0 |
| Net income | 171,000 | 393,000 | 443,000 | 729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,795,000 | 7,904,000 | 7,972,000 | 8,277,000 |
| Total capital | 8,277,000 | 8,494,000 | 8,594,000 | 8,914,000 |
| Risk-weighted assets | 51,069,000 | 49,680,000 | 49,525,000 | 50,777,000 |