Call reports 2024
SECURITY FEDERAL SAVINGS BANK OF MCMINNVILLE — 2024
What SECURITY FEDERAL SAVINGS BANK OF MCMINNVILLE 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 | 336,201,000 | 346,455,000 | 346,457,000 | 359,593,000 |
| Total loans | 241,159,000 | 255,249,000 | 264,745,000 | 266,836,000 |
| Allowance for loan losses | 2,444,000 | 2,491,000 | 2,550,000 | 2,782,000 |
| Securities available for sale | 50,264,000 | 47,316,000 | 47,125,000 | 45,046,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 300,606,000 | 297,945,000 | 304,947,000 | 320,577,000 |
| Interest-bearing deposits | 247,503,000 | 247,205,000 | 252,118,000 | 271,481,000 |
| Noninterest-bearing deposits | 53,103,000 | 50,740,000 | 52,829,000 | 49,096,000 |
| Equity capital | 31,937,000 | 32,649,000 | 34,651,000 | 35,428,000 |
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 | 4,514,000 | 9,366,000 | 14,450,000 | 19,606,000 |
| Interest expense | 1,963,000 | 4,061,000 | 6,272,000 | 8,543,000 |
| Net interest income | 2,551,000 | 5,305,000 | 8,178,000 | 11,063,000 |
| Noninterest income | 510,000 | 955,000 | 1,609,000 | 2,746,000 |
| Noninterest expense | 1,687,000 | 3,581,000 | 5,643,000 | 7,636,000 |
| Provision for loan losses | 51,000 | 99,000 | 164,000 | 415,000 |
| Pretax income | 1,327,000 | 2,582,000 | 3,982,000 | 5,472,000 |
| Income tax | 340,000 | 668,000 | 1,027,000 | 1,395,000 |
| Net income | 987,000 | 1,914,000 | 2,955,000 | 4,077,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,613,000 | 35,169,000 | 36,210,000 | 37,332,000 |
| Total capital | 37,057,000 | 37,660,000 | 38,760,000 | 40,415,000 |
| Risk-weighted assets | 250,439,000 | 260,209,000 | 264,512,000 | 265,537,000 |