Call reports 2021
SHERBURNE STATE BANK — 2021
What SHERBURNE STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 202,823,000 | 208,352,000 | 221,694,000 | 227,468,000 |
| Total loans | 112,429,000 | 116,989,000 | 117,058,000 | 118,207,000 |
| Allowance for loan losses | 1,862,000 | 1,927,000 | 2,019,000 | 2,020,000 |
| Securities available for sale | 33,066,000 | 35,850,000 | 33,806,000 | 65,561,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 186,275,000 | 191,021,000 | 203,542,000 | 208,951,000 |
| Interest-bearing deposits | 114,422,000 | 112,469,000 | 120,213,000 | 125,282,000 |
| Noninterest-bearing deposits | 71,853,000 | 78,552,000 | 83,329,000 | 83,669,000 |
| Equity capital | 15,606,000 | 16,170,000 | 17,286,000 | 17,886,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,501,000 | 3,159,000 | 5,129,000 | 6,853,000 |
| Interest expense | 157,000 | 285,000 | 401,000 | 511,000 |
| Net interest income | 1,344,000 | 2,874,000 | 4,728,000 | 6,342,000 |
| Noninterest income | 1,859,000 | 2,544,000 | 3,263,000 | 4,030,000 |
| Noninterest expense | 1,301,000 | 2,414,000 | 3,620,000 | 4,989,000 |
| Provision for loan losses | 60,000 | 121,000 | 160,000 | 160,000 |
| Pretax income | 1,842,000 | 2,883,000 | 4,211,000 | 5,223,000 |
| Income tax | 172,000 | 646,000 | 845,000 | 1,074,000 |
| Net income | 1,670,000 | 2,237,000 | 3,366,000 | 4,149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,443,000 | 16,010,000 | 17,138,000 | 17,921,000 |
| Total capital | 17,281,000 | 17,935,000 | 18,879,000 | 19,691,000 |
| Risk-weighted assets | 146,977,000 | 154,058,000 | 139,062,000 | 141,414,000 |