Call reports 2020
SECURITY FEDERAL SAVINGS BANK — 2020
What SECURITY FEDERAL SAVINGS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 292,607,000 | 314,803,000 | 319,990,000 | 322,203,000 |
| Total loans | 217,364,000 | 238,378,000 | 245,012,000 | 242,234,000 |
| Allowance for loan losses | 1,917,000 | 2,121,000 | 2,396,000 | 2,660,000 |
| Securities available for sale | 23,560,000 | 25,827,000 | 25,989,000 | 30,010,000 |
| Securities held to maturity | 2,000 | 2,000 | 2,000 | 2,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 236,563,000 | 261,884,000 | 266,250,000 | 268,396,000 |
| Interest-bearing deposits | 197,803,000 | 207,654,000 | 208,958,000 | 208,767,000 |
| Noninterest-bearing deposits | 38,760,000 | 54,230,000 | 57,292,000 | 59,629,000 |
| Equity capital | 32,908,000 | 34,821,000 | 35,446,000 | 36,180,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,050,000 | 5,919,000 | 8,815,000 | 11,770,000 |
| Interest expense | 626,000 | 1,087,000 | 1,465,000 | 1,792,000 |
| Net interest income | 2,424,000 | 4,832,000 | 7,350,000 | 9,978,000 |
| Noninterest income | 551,000 | 1,403,000 | 2,433,000 | 3,717,000 |
| Noninterest expense | 2,402,000 | 4,864,000 | 7,434,000 | 10,265,000 |
| Provision for loan losses | 90,000 | 290,000 | 565,000 | 865,000 |
| Pretax income | 483,000 | 1,102,000 | 1,804,000 | 2,589,000 |
| Income tax | 76,000 | 182,000 | 323,000 | 474,000 |
| Net income | 407,000 | 920,000 | 1,481,000 | 2,115,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,040,000 | 33,553,000 | 34,114,000 | 34,747,000 |
| Total capital | 34,957,000 | 35,674,000 | 36,510,000 | 37,407,000 |
| Risk-weighted assets | 202,108,000 | 202,790,000 | 212,947,000 | 222,638,000 |