Call reports 2023
SHERBURNE STATE BANK — 2023
What SHERBURNE STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 242,507,000 | 251,399,000 | 256,949,000 | 261,426,000 |
| Total loans | 160,020,000 | 174,417,000 | 176,732,000 | 188,258,000 |
| Allowance for loan losses | 2,253,000 | 2,336,000 | 2,394,000 | 2,514,000 |
| Securities available for sale | 59,069,000 | 55,380,000 | 51,576,000 | 47,974,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,464,000 | 198,125,000 | 203,330,000 | 204,841,000 |
| Interest-bearing deposits | 122,549,000 | 121,359,000 | 125,975,000 | 130,852,000 |
| Noninterest-bearing deposits | 77,915,000 | 76,766,000 | 77,355,000 | 73,989,000 |
| Equity capital | 16,505,000 | 17,379,000 | 17,476,000 | 19,411,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,663,000 | 5,630,000 | 8,868,000 | 12,328,000 |
| Interest expense | 474,000 | 1,222,000 | 2,153,000 | 3,179,000 |
| Net interest income | 2,189,000 | 4,408,000 | 6,715,000 | 9,149,000 |
| Noninterest income | 451,000 | 1,102,000 | 1,672,000 | 2,272,000 |
| Noninterest expense | 1,379,000 | 2,843,000 | 4,274,000 | 5,752,000 |
| Provision for loan losses | 68,000 | 151,000 | 209,000 | 156,000 |
| Pretax income | 1,193,000 | 2,497,000 | 3,823,000 | 5,259,000 |
| Income tax | 337,000 | 660,000 | 1,013,000 | 2,146,000 |
| Net income | 856,000 | 1,837,000 | 2,810,000 | 3,113,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,857,000 | 21,838,000 | 22,810,000 | 23,112,000 |
| Total capital | 23,268,000 | 24,366,000 | 25,458,000 | 25,880,000 |
| Risk-weighted assets | 192,868,000 | 208,685,000 | 218,373,000 | 223,496,000 |