Call reports 2024
SECURITY FEDERAL SAVINGS BANK — 2024
What SECURITY FEDERAL SAVINGS BANK 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 | 382,709,000 | 385,766,000 | 386,334,000 | 411,327,000 |
| Total loans | 291,552,000 | 302,989,000 | 314,692,000 | 326,926,000 |
| Allowance for loan losses | 2,815,000 | 2,921,000 | 2,981,000 | 3,022,000 |
| Securities available for sale | 46,272,000 | 40,758,000 | 35,447,000 | 33,485,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 323,517,000 | 326,445,000 | 330,884,000 | 355,644,000 |
| Interest-bearing deposits | 269,295,000 | 274,521,000 | 277,164,000 | 300,223,000 |
| Noninterest-bearing deposits | 54,222,000 | 51,924,000 | 53,720,000 | 55,421,000 |
| Equity capital | 36,470,000 | 36,733,000 | 37,908,000 | 37,433,000 |
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 | 4,502,000 | 9,001,000 | 13,776,000 | 18,801,000 |
| Interest expense | 1,563,000 | 3,187,000 | 4,950,000 | 6,840,000 |
| Net interest income | 2,939,000 | 5,814,000 | 8,826,000 | 11,961,000 |
| Noninterest income | 742,000 | 1,515,000 | 2,258,000 | 3,001,000 |
| Noninterest expense | 3,011,000 | 6,263,000 | 9,685,000 | 13,197,000 |
| Provision for loan losses | 55,000 | 102,000 | 177,000 | 245,000 |
| Pretax income | 592,000 | 949,000 | 1,345,000 | 1,646,000 |
| Income tax | 100,000 | 141,000 | 187,000 | 211,000 |
| Net income | 492,000 | 808,000 | 1,158,000 | 1,435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,883,000 | 41,199,000 | 41,548,000 | 41,828,000 |
| Total capital | 44,034,000 | 44,368,000 | 44,702,000 | 45,023,000 |
| Risk-weighted assets | 266,641,000 | 271,158,000 | 279,499,000 | 290,215,000 |