Call reports 2024
SECURITY STATE BANK OF WARROAD — 2024
What SECURITY STATE BANK OF WARROAD 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 | 145,198,000 | 146,770,000 | 146,747,000 | 143,735,000 |
| Total loans | 70,494,000 | 71,849,000 | 70,346,000 | 66,532,000 |
| Allowance for loan losses | 2,173,000 | 2,088,000 | 2,094,000 | 1,990,000 |
| Securities available for sale | 51,878,000 | 51,177,000 | 52,130,000 | 50,172,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,111,000 | 131,680,000 | 130,395,000 | 128,695,000 |
| Interest-bearing deposits | 91,357,000 | 93,644,000 | 92,885,000 | 89,235,000 |
| Noninterest-bearing deposits | 38,754,000 | 38,036,000 | 37,510,000 | 39,460,000 |
| Equity capital | 14,247,000 | 14,036,000 | 15,394,000 | 14,448,000 |
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 | 1,499,000 | 3,003,000 | 4,574,000 | 6,062,000 |
| Interest expense | 472,000 | 967,000 | 1,475,000 | 1,982,000 |
| Net interest income | 1,027,000 | 2,036,000 | 3,099,000 | 4,080,000 |
| Noninterest income | 63,000 | 129,000 | 202,000 | 312,000 |
| Noninterest expense | 764,000 | 1,532,000 | 2,424,000 | 3,062,000 |
| Provision for loan losses | 0 | 25,000 | 45,000 | 450,000 |
| Pretax income | 363,000 | 645,000 | 852,000 | 886,000 |
| Income tax | 104,000 | 175,000 | 216,000 | 74,000 |
| Net income | 259,000 | 470,000 | 636,000 | 812,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,158,000 | 21,368,000 | 21,535,000 | 21,696,000 |