Call reports 2015
SHERBURNE STATE BANK — 2015
What SHERBURNE STATE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 89,556,000 | 90,560,000 | 93,007,000 | 93,928,000 |
| Total loans | 52,841,000 | 55,185,000 | 57,609,000 | 59,182,000 |
| Allowance for loan losses | 854,000 | 814,000 | 875,000 | 944,000 |
| Securities available for sale | 17,763,000 | 17,242,000 | 18,357,000 | 17,883,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,018,000 | 81,099,000 | 83,121,000 | 84,925,000 |
| Interest-bearing deposits | 53,550,000 | 55,669,000 | 55,415,000 | 55,871,000 |
| Noninterest-bearing deposits | 26,468,000 | 25,430,000 | 27,706,000 | 29,054,000 |
| Equity capital | 8,404,000 | 8,333,000 | 8,689,000 | 8,794,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 880,000 | 1,846,000 | 2,777,000 | 3,714,000 |
| Interest expense | 46,000 | 91,000 | 138,000 | 184,000 |
| Net interest income | 834,000 | 1,755,000 | 2,639,000 | 3,530,000 |
| Noninterest income | 228,000 | 413,000 | 640,000 | 823,000 |
| Noninterest expense | 654,000 | 1,312,000 | 2,034,000 | 2,765,000 |
| Provision for loan losses | 32,000 | -8,000 | 53,000 | 121,000 |
| Pretax income | 376,000 | 864,000 | 1,192,000 | 1,467,000 |
| Income tax | 0 | 2,000 | 2,000 | 2,000 |
| Net income | 376,000 | 862,000 | 1,190,000 | 1,465,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,292,000 | 8,457,000 | 8,616,000 | 8,860,000 |
| Total capital | 9,009,000 | 9,198,000 | 9,381,000 | 9,658,000 |
| Risk-weighted assets | 57,302,000 | 59,225,000 | 61,118,000 | 63,729,000 |