Call reports 2016
SHERBURNE STATE BANK — 2016
What SHERBURNE STATE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 91,778,000 | 95,670,000 | 102,356,000 | 101,579,000 |
| Total loans | 58,461,000 | 63,034,000 | 65,241,000 | 65,214,000 |
| Allowance for loan losses | 1,005,000 | 1,066,000 | 1,127,000 | 1,173,000 |
| Securities available for sale | 17,617,000 | 17,277,000 | 16,713,000 | 17,485,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,113,000 | 86,731,000 | 93,020,000 | 92,588,000 |
| Interest-bearing deposits | 54,288,000 | 57,475,000 | 59,444,000 | 61,433,000 |
| Noninterest-bearing deposits | 28,825,000 | 29,256,000 | 33,576,000 | 31,155,000 |
| Equity capital | 8,524,000 | 8,793,000 | 9,115,000 | 8,821,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 952,000 | 1,951,000 | 2,993,000 | 4,029,000 |
| Interest expense | 46,000 | 91,000 | 142,000 | 192,000 |
| Net interest income | 906,000 | 1,860,000 | 2,851,000 | 3,837,000 |
| Noninterest income | 292,000 | 574,000 | 885,000 | 1,007,000 |
| Noninterest expense | 740,000 | 1,493,000 | 2,198,000 | 2,929,000 |
| Provision for loan losses | 62,000 | 122,000 | 184,000 | 245,000 |
| Pretax income | 396,000 | 819,000 | 1,354,000 | 1,670,000 |
| Income tax | 2,000 | 2,000 | 2,000 | 2,000 |
| Net income | 394,000 | 817,000 | 1,352,000 | 1,668,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,386,000 | 8,472,000 | 8,765,000 | 9,086,000 |
| Total capital | 9,137,000 | 9,275,000 | 9,604,000 | 9,950,000 |
| Risk-weighted assets | 59,892,000 | 64,048,000 | 66,849,000 | 68,884,000 |