Call reports 2022
SHERBURNE STATE BANK — 2022
What SHERBURNE STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 222,209,000 | 240,341,000 | 247,768,000 | 230,557,000 |
| Total loans | 125,110,000 | 131,287,000 | 139,359,000 | 146,994,000 |
| Allowance for loan losses | 2,086,000 | 2,152,000 | 2,218,000 | 2,284,000 |
| Securities available for sale | 62,363,000 | 59,025,000 | 63,804,000 | 62,874,000 |
| Securities held to maturity | 484,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 205,871,000 | 222,163,000 | 230,378,000 | 209,984,000 |
| Interest-bearing deposits | 126,086,000 | 135,220,000 | 130,516,000 | 131,158,000 |
| Noninterest-bearing deposits | 79,785,000 | 86,943,000 | 99,862,000 | 78,826,000 |
| Equity capital | 15,903,000 | 15,549,000 | 14,721,000 | 16,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,777,000 | 3,767,000 | 6,038,000 | 8,465,000 |
| Interest expense | 85,000 | 179,000 | 346,000 | 560,000 |
| Net interest income | 1,692,000 | 3,588,000 | 5,692,000 | 7,905,000 |
| Noninterest income | 579,000 | 1,356,000 | 1,778,000 | 2,290,000 |
| Noninterest expense | 1,263,000 | 2,625,000 | 3,975,000 | 5,342,000 |
| Provision for loan losses | 66,000 | 132,000 | 198,000 | 264,000 |
| Pretax income | 942,000 | 2,187,000 | 3,297,000 | 4,589,000 |
| Income tax | 236,000 | 517,000 | 820,000 | 1,010,000 |
| Net income | 706,000 | 1,670,000 | 2,477,000 | 3,579,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,627,000 | 19,589,000 | 20,398,000 | 21,500,000 |
| Total capital | 20,476,000 | 21,662,000 | 22,563,000 | 23,722,000 |
| Risk-weighted assets | 147,753,000 | 165,820,000 | 173,223,000 | 177,599,000 |