Call reports 2002
SECURITY STATE BANK OF HIBBING — 2002
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 86,908,000 | 85,523,000 | 86,511,000 | 88,631,000 |
| Total loans | 56,193,000 | 53,498,000 | 52,437,000 | 50,319,000 |
| Allowance for loan losses | 916,000 | 983,000 | 1,016,000 | 1,140,000 |
| Securities available for sale | 18,786,000 | 19,347,000 | 18,882,000 | 20,737,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,968,000 | 69,330,000 | 71,756,000 | 73,624,000 |
| Interest-bearing deposits | 57,970,000 | 55,916,000 | 56,244,000 | 55,419,000 |
| Noninterest-bearing deposits | 12,998,000 | 13,414,000 | 15,512,000 | 18,205,000 |
| Equity capital | 12,794,000 | 13,131,000 | 11,511,000 | 11,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,411,000 | 2,724,000 | 4,065,000 | 5,348,000 |
| Interest expense | 434,000 | 813,000 | 1,164,000 | 1,487,000 |
| Net interest income | 977,000 | 1,911,000 | 2,901,000 | 3,861,000 |
| Noninterest income | 177,000 | 393,000 | 582,000 | 766,000 |
| Noninterest expense | 580,000 | 1,289,000 | 1,944,000 | 2,525,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 375,000 |
| Pretax income | 499,000 | 865,000 | 1,314,000 | 1,727,000 |
| Income tax | 184,000 | 314,000 | 476,000 | 622,000 |
| Net income | 315,000 | 551,000 | 838,000 | 1,105,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,598,000 | 12,834,000 | 11,121,000 | 11,388,000 |
| Total capital | 13,414,000 | 13,616,000 | 11,898,000 | 12,167,000 |
| Risk-weighted assets | 65,198,000 | 62,330,000 | 61,898,000 | 61,961,000 |