Call reports 2025
SHERBURNE STATE BANK — 2025
What SHERBURNE STATE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 303,129,000 | 307,761,000 | 322,805,000 | 337,420,000 |
| Total loans | 231,747,000 | 240,821,000 | 248,462,000 | 264,837,000 |
| Allowance for loan losses | 3,164,000 | 3,221,000 | 3,259,000 | 3,629,000 |
| Securities available for sale | 33,198,000 | 32,873,000 | 36,303,000 | 35,237,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 251,068,000 | 252,482,000 | 270,807,000 | 278,896,000 |
| Interest-bearing deposits | 174,869,000 | 177,196,000 | 188,179,000 | 199,673,000 |
| Noninterest-bearing deposits | 76,199,000 | 75,286,000 | 82,628,000 | 79,223,000 |
| Equity capital | 23,501,000 | 25,391,000 | 27,168,000 | 28,780,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 4,426,000 | 9,177,000 | 14,196,000 | 19,306,000 |
| Interest expense | 1,349,000 | 2,775,000 | 4,259,000 | 5,789,000 |
| Net interest income | 3,077,000 | 6,402,000 | 9,937,000 | 13,517,000 |
| Noninterest income | 640,000 | 1,439,000 | 2,013,000 | 2,613,000 |
| Noninterest expense | 1,828,000 | 3,684,000 | 5,537,000 | 7,396,000 |
| Provision for loan losses | 206,000 | 265,000 | 303,000 | 791,000 |
| Pretax income | 1,769,000 | 3,917,000 | 6,053,000 | 7,959,000 |
| Income tax | 499,000 | 1,191,000 | 1,801,000 | 2,345,000 |
| Net income | 1,270,000 | 2,726,000 | 4,252,000 | 5,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,731,000 | 28,187,000 | 29,713,000 | 31,075,000 |
| Total capital | 30,104,000 | 31,678,000 | 33,324,000 | 34,869,000 |
| Risk-weighted assets | 271,123,000 | 280,262,000 | 289,204,000 | 303,432,000 |