Call reports 2019
SHERBURNE STATE BANK — 2019
What SHERBURNE STATE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 122,053,000 | 121,164,000 | 126,899,000 | 131,371,000 |
| Total loans | 88,423,000 | 89,906,000 | 93,828,000 | 93,301,000 |
| Allowance for loan losses | 1,498,000 | 1,559,000 | 1,621,000 | 1,632,000 |
| Securities available for sale | 16,222,000 | 15,887,000 | 16,392,000 | 16,279,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,255,000 | 107,893,000 | 114,777,000 | 119,700,000 |
| Interest-bearing deposits | 70,251,000 | 68,896,000 | 73,942,000 | 77,956,000 |
| Noninterest-bearing deposits | 42,004,000 | 38,997,000 | 40,835,000 | 41,744,000 |
| Equity capital | 9,275,000 | 9,856,000 | 10,535,000 | 11,104,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,362,000 | 2,836,000 | 4,357,000 | 5,913,000 |
| Interest expense | 127,000 | 270,000 | 455,000 | 653,000 |
| Net interest income | 1,235,000 | 2,566,000 | 3,902,000 | 5,260,000 |
| Noninterest income | 272,000 | 624,000 | 1,141,000 | 1,524,000 |
| Noninterest expense | 948,000 | 1,884,000 | 2,807,000 | 3,739,000 |
| Provision for loan losses | 61,000 | 122,000 | 183,000 | 195,000 |
| Pretax income | 498,000 | 1,184,000 | 2,053,000 | 2,850,000 |
| Income tax | 127,000 | 357,000 | 561,000 | 803,000 |
| Net income | 371,000 | 827,000 | 1,492,000 | 2,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,295,000 | 9,751,000 | 10,416,000 | 10,971,000 |
| Total capital | 10,485,000 | 10,957,000 | 11,728,000 | 12,327,000 |
| Risk-weighted assets | 94,935,000 | 96,200,000 | 104,659,000 | 108,257,000 |