Call reports 2018
SHERBURNE STATE BANK — 2018
What SHERBURNE STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 109,591,000 | 111,168,000 | 118,303,000 | 121,043,000 |
| Total loans | 76,167,000 | 78,095,000 | 82,516,000 | 87,020,000 |
| Allowance for loan losses | 1,302,000 | 1,362,000 | 1,424,000 | 1,485,000 |
| Securities available for sale | 15,193,000 | 14,720,000 | 15,623,000 | 16,334,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,327,000 | 102,439,000 | 109,317,000 | 111,369,000 |
| Interest-bearing deposits | 64,647,000 | 65,900,000 | 69,211,000 | 70,168,000 |
| Noninterest-bearing deposits | 36,680,000 | 36,539,000 | 40,106,000 | 41,201,000 |
| Equity capital | 7,911,000 | 8,285,000 | 8,630,000 | 9,282,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,163,000 | 2,363,000 | 3,653,000 | 5,026,000 |
| Interest expense | 90,000 | 191,000 | 300,000 | 424,000 |
| Net interest income | 1,073,000 | 2,172,000 | 3,353,000 | 4,602,000 |
| Noninterest income | 209,000 | 667,000 | 996,000 | 1,344,000 |
| Noninterest expense | 862,000 | 1,801,000 | 2,637,000 | 3,581,000 |
| Provision for loan losses | 61,000 | 121,000 | 183,000 | 244,000 |
| Pretax income | 359,000 | 917,000 | 1,529,000 | 2,121,000 |
| Income tax | 277,000 | 427,000 | 739,000 | 785,000 |
| Net income | 82,000 | 490,000 | 790,000 | 1,336,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,268,000 | 8,677,000 | 8,977,000 | 9,523,000 |
| Total capital | 9,260,000 | 9,676,000 | 10,082,000 | 10,687,000 |
| Risk-weighted assets | 79,085,000 | 79,561,000 | 88,138,000 | 92,842,000 |