Call reports 2003
SECURITY STATE BANK OF HIBBING — 2003
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 82,538,000 | 82,075,000 | 83,887,000 | 82,067,000 |
| Total loans | 50,840,000 | 49,758,000 | 48,726,000 | 50,939,000 |
| Allowance for loan losses | 1,285,000 | 937,000 | 1,078,000 | 997,000 |
| Securities available for sale | 21,262,000 | 22,226,000 | 24,146,000 | 22,253,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,673,000 | 67,566,000 | 69,904,000 | 71,296,000 |
| Interest-bearing deposits | 52,931,000 | 51,365,000 | 51,733,000 | 55,133,000 |
| Noninterest-bearing deposits | 15,742,000 | 16,201,000 | 18,171,000 | 16,163,000 |
| Equity capital | 11,503,000 | 11,786,000 | 11,847,000 | 8,118,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,197,000 | 2,326,000 | 3,442,000 | 4,541,000 |
| Interest expense | 264,000 | 486,000 | 689,000 | 884,000 |
| Net interest income | 933,000 | 1,840,000 | 2,753,000 | 3,657,000 |
| Noninterest income | 138,000 | 257,000 | 392,000 | 534,000 |
| Noninterest expense | 598,000 | 1,218,000 | 1,744,000 | 2,234,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 602,000 |
| Pretax income | 323,000 | 579,000 | 951,000 | 1,355,000 |
| Income tax | 116,000 | 198,000 | 326,000 | 466,000 |
| Net income | 207,000 | 381,000 | 625,000 | 889,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,213,000 | 11,387,000 | 11,631,000 | 7,895,000 |
| Total capital | 11,967,000 | 12,129,000 | 12,358,000 | 8,630,000 |
| Risk-weighted assets | 59,827,000 | 59,180,000 | 57,846,000 | 58,569,000 |
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