Call reports 2021
CHEROKEE STATE BANK — 2021
What CHEROKEE STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 244,601,000 | 237,020,000 | 240,067,000 | 247,693,000 |
| Total loans | 142,714,000 | 142,691,000 | 136,606,000 | 136,477,000 |
| Allowance for loan losses | 2,144,000 | 2,169,000 | 2,169,000 | 2,226,000 |
| Securities available for sale | 81,798,000 | 85,844,000 | 86,279,000 | 90,855,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 193,435,000 | 185,833,000 | 188,614,000 | 198,002,000 |
| Interest-bearing deposits | 165,773,000 | 157,700,000 | 160,696,000 | 163,489,000 |
| Noninterest-bearing deposits | 27,662,000 | 28,133,000 | 27,918,000 | 34,513,000 |
| Equity capital | 29,441,000 | 30,377,000 | 30,480,000 | 30,313,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,548,000 | 4,859,000 | 6,716,000 | 8,642,000 |
| Interest expense | 179,000 | 339,000 | 481,000 | 612,000 |
| Net interest income | 2,369,000 | 4,520,000 | 6,235,000 | 8,030,000 |
| Noninterest income | 243,000 | 560,000 | 783,000 | 1,224,000 |
| Noninterest expense | 1,152,000 | 2,342,000 | 3,488,000 | 4,980,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,650,000 | 2,943,000 | 3,742,000 | 4,595,000 |
| Income tax | 403,000 | 709,000 | 887,000 | 980,000 |
| Net income | 1,247,000 | 2,234,000 | 2,855,000 | 3,615,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,333,000 | 29,837,000 | 29,976,000 | 30,094,000 |