Call reports 2021
SECURITY STATE BANK OF WARROAD — 2021
What SECURITY STATE BANK OF WARROAD 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 | 125,360,000 | 126,883,000 | 129,315,000 | 131,598,000 |
| Total loans | 51,434,000 | 54,632,000 | 55,019,000 | 54,117,000 |
| Allowance for loan losses | 2,015,000 | 2,020,000 | 2,037,000 | 2,030,000 |
| Securities available for sale | 49,991,000 | 55,993,000 | 61,371,000 | 66,218,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,422,000 | 108,197,000 | 110,463,000 | 112,591,000 |
| Interest-bearing deposits | 69,957,000 | 72,052,000 | 72,886,000 | 74,625,000 |
| Noninterest-bearing deposits | 37,465,000 | 36,145,000 | 37,577,000 | 37,966,000 |
| Equity capital | 17,513,000 | 17,850,000 | 17,965,000 | 18,460,000 |
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 | 943,000 | 1,939,000 | 2,939,000 | 3,943,000 |
| Interest expense | 89,000 | 170,000 | 244,000 | 315,000 |
| Net interest income | 854,000 | 1,769,000 | 2,695,000 | 3,628,000 |
| Noninterest income | 60,000 | 100,000 | 164,000 | 448,000 |
| Noninterest expense | 667,000 | 1,367,000 | 2,050,000 | 2,685,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 396,000 | 720,000 | 1,116,000 | 1,728,000 |
| Income tax | 133,000 | 230,000 | 356,000 | 473,000 |
| Net income | 263,000 | 490,000 | 760,000 | 1,255,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,805,000 | 18,032,000 | 18,303,000 | 18,798,000 |