Call reports 2014
SHERBURNE STATE BANK — 2014
What SHERBURNE STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 84,023,000 | 83,427,000 | 85,888,000 | 86,584,000 |
| Total loans | 42,200,000 | 48,591,000 | 51,498,000 | 52,172,000 |
| Allowance for loan losses | 1,000,000 | 1,001,000 | 817,000 | 822,000 |
| Securities available for sale | 19,763,000 | 19,454,000 | 18,575,000 | 17,959,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,164,000 | 75,329,000 | 77,596,000 | 77,721,000 |
| Interest-bearing deposits | 45,743,000 | 51,706,000 | 53,643,000 | 53,612,000 |
| Noninterest-bearing deposits | 30,421,000 | 23,623,000 | 23,953,000 | 24,109,000 |
| Equity capital | 7,712,000 | 7,962,000 | 8,106,000 | 8,686,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,211,000 | 2,106,000 | 3,013,000 | 3,928,000 |
| Interest expense | 41,000 | 83,000 | 129,000 | 176,000 |
| Net interest income | 1,170,000 | 2,023,000 | 2,884,000 | 3,752,000 |
| Noninterest income | 130,000 | 236,000 | 248,000 | 487,000 |
| Noninterest expense | 666,000 | 1,407,000 | 2,118,000 | 2,804,000 |
| Provision for loan losses | 235,000 | 236,000 | 54,000 | 85,000 |
| Pretax income | 399,000 | 616,000 | 960,000 | 1,350,000 |
| Income tax | 0 | 2,000 | 2,000 | 2,000 |
| Net income | 399,000 | 614,000 | 958,000 | 1,348,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,099,000 | 8,100,000 | 8,284,000 | 8,688,000 |
| Total capital | 8,754,000 | 8,794,000 | 8,975,000 | 9,380,000 |
| Risk-weighted assets | 52,000,000 | 55,178,000 | 55,076,000 | 55,200,000 |
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