Call reports 2001
SECURITY STATE BANK OF HIBBING — 2001
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 91,135,000 | 90,710,000 | 91,986,000 | 90,809,000 |
| Total loans | 59,058,000 | 60,362,000 | 58,353,000 | 56,662,000 |
| Allowance for loan losses | 688,000 | 798,000 | 853,000 | 850,000 |
| Securities available for sale | 21,150,000 | 18,769,000 | 19,774,000 | 18,760,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,600,000 | 76,545,000 | 74,906,000 | 74,722,000 |
| Interest-bearing deposits | 63,482,000 | 63,033,000 | 60,391,000 | 59,629,000 |
| Noninterest-bearing deposits | 13,118,000 | 13,512,000 | 14,515,000 | 15,093,000 |
| Equity capital | 13,165,000 | 12,502,000 | 12,989,000 | 13,267,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,769,000 | 3,500,000 | 5,190,000 | 6,708,000 |
| Interest expense | 683,000 | 1,321,000 | 1,894,000 | 2,393,000 |
| Net interest income | 1,086,000 | 2,179,000 | 3,296,000 | 4,315,000 |
| Noninterest income | 121,000 | 262,000 | 389,000 | 532,000 |
| Noninterest expense | 607,000 | 1,255,000 | 1,863,000 | 2,451,000 |
| Provision for loan losses | 30,000 | 105,000 | 180,000 | 182,000 |
| Pretax income | 570,000 | 1,081,000 | 1,642,000 | 2,245,000 |
| Income tax | 206,000 | 390,000 | 597,000 | 820,000 |
| Net income | 364,000 | 691,000 | 1,045,000 | 1,425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,935,000 | 12,262,000 | 12,616,000 | 12,996,000 |
| Total capital | 13,623,000 | 13,060,000 | 13,463,000 | 13,821,000 |
| Risk-weighted assets | 66,973,000 | 69,207,000 | 67,767,000 | 65,978,000 |