Call reports 2020
SHERBURNE STATE BANK — 2020
What SHERBURNE STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 135,496,000 | 163,006,000 | 178,666,000 | 185,991,000 |
| Total loans | 94,355,000 | 110,955,000 | 112,924,000 | 107,649,000 |
| Allowance for loan losses | 1,647,000 | 1,679,000 | 1,739,000 | 1,801,000 |
| Securities available for sale | 18,030,000 | 18,218,000 | 21,141,000 | 24,038,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,730,000 | 149,242,000 | 164,537,000 | 171,069,000 |
| Interest-bearing deposits | 79,607,000 | 89,676,000 | 100,177,000 | 104,668,000 |
| Noninterest-bearing deposits | 44,123,000 | 59,566,000 | 64,360,000 | 66,401,000 |
| Equity capital | 11,028,000 | 12,111,000 | 13,070,000 | 14,145,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,515,000 | 3,186,000 | 4,963,000 | 6,761,000 |
| Interest expense | 190,000 | 368,000 | 550,000 | 734,000 |
| Net interest income | 1,325,000 | 2,818,000 | 4,413,000 | 6,027,000 |
| Noninterest income | 493,000 | 1,602,000 | 2,646,000 | 3,755,000 |
| Noninterest expense | 949,000 | 2,036,000 | 3,181,000 | 4,306,000 |
| Provision for loan losses | 21,000 | 52,000 | 113,000 | 174,000 |
| Pretax income | 848,000 | 2,332,000 | 3,765,000 | 5,302,000 |
| Income tax | 227,000 | 640,000 | 1,059,000 | 1,500,000 |
| Net income | 621,000 | 1,692,000 | 2,706,000 | 3,802,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,592,000 | 11,663,000 | 12,677,000 | 13,773,000 |
| Total capital | 12,012,000 | 13,172,000 | 14,188,000 | 15,332,000 |
| Risk-weighted assets | 113,392,000 | 120,575,000 | 120,695,000 | 124,505,000 |