Call reports 2023
SECURITY STATE BANK OF WARROAD — 2023
What SECURITY STATE BANK OF WARROAD 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 | 135,445,000 | 151,168,000 | 149,537,000 | 151,348,000 |
| Total loans | 69,009,000 | 71,823,000 | 72,116,000 | 70,434,000 |
| Allowance for loan losses | 2,239,000 | 2,226,000 | 2,237,000 | 2,227,000 |
| Securities available for sale | 54,855,000 | 53,714,000 | 50,872,000 | 54,628,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,305,000 | 137,787,000 | 137,580,000 | 136,355,000 |
| Interest-bearing deposits | 82,996,000 | 94,185,000 | 93,992,000 | 92,044,000 |
| Noninterest-bearing deposits | 38,309,000 | 43,602,000 | 43,588,000 | 44,311,000 |
| Equity capital | 13,172,000 | 12,741,000 | 11,304,000 | 14,468,000 |
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 | 1,188,000 | 2,504,000 | 4,002,000 | 5,521,000 |
| Interest expense | 210,000 | 536,000 | 952,000 | 1,402,000 |
| Net interest income | 978,000 | 1,968,000 | 3,050,000 | 4,119,000 |
| Noninterest income | 57,000 | 119,000 | 182,000 | 321,000 |
| Noninterest expense | 698,000 | 1,545,000 | 2,203,000 | 2,889,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 337,000 | 542,000 | 1,029,000 | 1,477,000 |
| Income tax | 93,000 | 132,000 | 284,000 | 366,000 |
| Net income | 244,000 | 410,000 | 745,000 | 1,111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,032,000 | 20,197,000 | 20,533,000 | 20,899,000 |