Call reports 2023
SECURITY FEDERAL SAVINGS BANK — 2023
What SECURITY FEDERAL SAVINGS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 366,089,000 | 380,222,000 | 376,167,000 | 381,583,000 |
| Total loans | 276,599,000 | 274,062,000 | 278,829,000 | 286,924,000 |
| Allowance for loan losses | 2,676,000 | 2,986,000 | 2,752,000 | 2,745,000 |
| Securities available for sale | 55,474,000 | 43,202,000 | 41,483,000 | 47,188,000 |
| Securities held to maturity | 1,000 | 1,000 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 319,189,000 | 323,730,000 | 319,244,000 | 322,737,000 |
| Interest-bearing deposits | 262,153,000 | 263,922,000 | 261,344,000 | 267,851,000 |
| Noninterest-bearing deposits | 57,036,000 | 59,808,000 | 57,900,000 | 54,886,000 |
| Equity capital | 34,745,000 | 34,757,000 | 34,370,000 | 36,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,866,000 | 7,963,000 | 12,314,000 | 16,748,000 |
| Interest expense | 767,000 | 1,840,000 | 3,125,000 | 4,631,000 |
| Net interest income | 3,099,000 | 6,123,000 | 9,189,000 | 12,117,000 |
| Noninterest income | 766,000 | 1,465,000 | 2,246,000 | 2,986,000 |
| Noninterest expense | 3,091,000 | 6,174,000 | 9,223,000 | 12,269,000 |
| Provision for loan losses | 0 | 28,000 | -204,000 | -139,000 |
| Pretax income | 783,000 | 1,406,000 | 2,183,000 | 2,729,000 |
| Income tax | 113,000 | 222,000 | 370,000 | 460,000 |
| Net income | 670,000 | 1,184,000 | 1,813,000 | 2,269,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,084,000 | 39,306,000 | 39,934,000 | 40,391,000 |
| Total capital | 41,760,000 | 42,398,000 | 43,013,000 | 43,463,000 |
| Risk-weighted assets | 255,839,000 | 254,628,000 | 255,664,000 | 261,412,000 |