Call reports 2024
SHERBURNE STATE BANK — 2024
What SHERBURNE STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 268,164,000 | 278,471,000 | 293,164,000 | 282,172,000 |
| Total loans | 193,177,000 | 209,685,000 | 212,686,000 | 217,961,000 |
| Allowance for loan losses | 2,653,000 | 2,719,000 | 2,792,000 | 2,958,000 |
| Securities available for sale | 45,479,000 | 43,610,000 | 42,460,000 | 33,456,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 215,457,000 | 224,627,000 | 236,812,000 | 229,109,000 |
| Interest-bearing deposits | 142,079,000 | 148,459,000 | 154,574,000 | 155,989,000 |
| Noninterest-bearing deposits | 73,378,000 | 76,168,000 | 82,238,000 | 73,120,000 |
| Equity capital | 18,634,000 | 19,807,000 | 22,079,000 | 22,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,653,000 | 7,580,000 | 12,132,000 | 16,415,000 |
| Interest expense | 1,165,000 | 2,372,000 | 3,752,000 | 5,099,000 |
| Net interest income | 2,488,000 | 5,208,000 | 8,380,000 | 11,316,000 |
| Noninterest income | 553,000 | 1,085,000 | 1,497,000 | 2,355,000 |
| Noninterest expense | 1,553,000 | 3,142,000 | 4,782,000 | 6,408,000 |
| Provision for loan losses | 139,000 | 204,000 | 278,000 | 444,000 |
| Pretax income | 1,363,000 | 2,906,000 | 4,730,000 | 6,778,000 |
| Income tax | 386,000 | 826,000 | 1,346,000 | 1,929,000 |
| Net income | 977,000 | 2,080,000 | 3,384,000 | 4,849,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,589,000 | 23,692,000 | 24,995,000 | 26,461,000 |
| Total capital | 25,480,000 | 26,705,000 | 28,128,000 | 29,681,000 |
| Risk-weighted assets | 231,298,000 | 245,534,000 | 251,456,000 | 257,637,000 |