Call reports 2024
SECURITY STATE BANK — 2024
What SECURITY STATE 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 | 396,812,000 | 401,675,000 | 416,431,000 | 433,512,000 |
| Total loans | 359,484,000 | 366,855,000 | 381,786,000 | 395,090,000 |
| Allowance for loan losses | 3,694,000 | 3,772,000 | 3,874,000 | 4,000,000 |
| Securities available for sale | 15,459,000 | 10,469,000 | 6,556,000 | 5,127,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 305,152,000 | 290,437,000 | 282,314,000 | 302,494,000 |
| Interest-bearing deposits | 262,229,000 | 218,075,000 | 239,831,000 | 256,908,000 |
| Noninterest-bearing deposits | 42,923,000 | 72,362,000 | 42,483,000 | 45,586,000 |
| Equity capital | 38,340,000 | 39,805,000 | 41,654,000 | 43,596,000 |
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 | 5,825,000 | 12,103,000 | 18,767,000 | 25,598,000 |
| Interest expense | 2,781,000 | 5,825,000 | 9,052,000 | 12,040,000 |
| Net interest income | 3,044,000 | 6,278,000 | 9,715,000 | 13,558,000 |
| Noninterest income | 74,000 | 411,000 | 584,000 | 725,000 |
| Noninterest expense | 1,203,000 | 2,383,000 | 3,538,000 | 4,855,000 |
| Provision for loan losses | 275,000 | 350,000 | 450,000 | 600,000 |
| Pretax income | 1,640,000 | 3,956,000 | 6,311,000 | 8,828,000 |
| Income tax | 62,000 | 179,000 | 298,000 | 362,000 |
| Net income | 1,578,000 | 3,777,000 | 6,013,000 | 8,466,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,300,000 | 39,749,000 | 41,530,000 | 43,528,000 |