Call reports 2024
SHERWOOD STATE BANK, THE — 2024
What SHERWOOD STATE BANK, THE 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 | 96,226,000 | 97,482,000 | 98,967,000 | 106,880,000 |
| Total loans | 69,954,000 | 71,546,000 | 72,775,000 | 74,039,000 |
| Allowance for loan losses | 842,000 | 908,000 | 924,000 | 904,000 |
| Securities available for sale | 16,772,000 | 16,548,000 | 16,773,000 | 16,236,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,940,000 | 79,869,000 | 79,717,000 | 89,680,000 |
| Interest-bearing deposits | 58,916,000 | 60,796,000 | 61,092,000 | 68,163,000 |
| Noninterest-bearing deposits | 19,024,000 | 19,073,000 | 18,625,000 | 21,517,000 |
| Equity capital | 11,072,000 | 11,081,000 | 11,444,000 | 11,446,000 |
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 | 1,195,000 | 2,427,000 | 3,682,000 | 5,065,000 |
| Interest expense | 344,000 | 725,000 | 1,120,000 | 1,524,000 |
| Net interest income | 851,000 | 1,702,000 | 2,562,000 | 3,541,000 |
| Noninterest income | 116,000 | 236,000 | 419,000 | 533,000 |
| Noninterest expense | 856,000 | 1,740,000 | 2,694,000 | 3,596,000 |
| Provision for loan losses | 14,000 | 79,000 | 97,000 | 48,000 |
| Pretax income | 101,000 | 123,000 | 194,000 | 434,000 |
| Income tax | 4,000 | -9,000 | -15,000 | 27,000 |
| Net income | 97,000 | 132,000 | 209,000 | 407,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,059,000 | 12,094,000 | 12,129,000 | 12,328,000 |