Call reports 2017
SHERBURNE STATE BANK — 2017
What SHERBURNE STATE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 98,335,000 | 100,182,000 | 104,689,000 | 107,948,000 |
| Total loans | 66,592,000 | 67,608,000 | 73,025,000 | 76,036,000 |
| Allowance for loan losses | 1,234,000 | 1,295,000 | 1,297,000 | 1,315,000 |
| Securities available for sale | 16,656,000 | 15,841,000 | 14,835,000 | 16,361,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,779,000 | 91,410,000 | 95,644,000 | 97,256,000 |
| Interest-bearing deposits | 56,587,000 | 57,964,000 | 60,497,000 | 62,039,000 |
| Noninterest-bearing deposits | 33,192,000 | 33,446,000 | 35,147,000 | 35,217,000 |
| Equity capital | 8,450,000 | 8,652,000 | 8,855,000 | 9,168,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,024,000 | 2,084,000 | 3,177,000 | 4,300,000 |
| Interest expense | 57,000 | 114,000 | 167,000 | 231,000 |
| Net interest income | 967,000 | 1,970,000 | 3,010,000 | 4,069,000 |
| Noninterest income | 296,000 | 557,000 | 738,000 | 1,058,000 |
| Noninterest expense | 722,000 | 1,505,000 | 2,292,000 | 3,126,000 |
| Provision for loan losses | 61,000 | 122,000 | 124,000 | 185,000 |
| Pretax income | 480,000 | 900,000 | 1,332,000 | 1,816,000 |
| Income tax | 2,000 | 2,000 | 2,000 | 2,000 |
| Net income | 478,000 | 898,000 | 1,330,000 | 1,814,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,535,000 | 8,587,000 | 8,807,000 | 9,294,000 |
| Total capital | 9,424,000 | 9,488,000 | 9,761,000 | 10,285,000 |
| Risk-weighted assets | 70,776,000 | 71,704,000 | 76,036,000 | 79,030,000 |