Call reports 2004
SECURITY STATE BANK OF HIBBING — 2004
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 81,758,000 | 81,904,000 | 87,979,000 | 87,951,000 |
| Total loans | 53,269,000 | 55,952,000 | 57,799,000 | 56,916,000 |
| Allowance for loan losses | 1,098,000 | 1,167,000 | 1,155,000 | 1,031,000 |
| Securities available for sale | 20,304,000 | 18,858,000 | 23,860,000 | 23,745,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,329,000 | 66,919,000 | 71,483,000 | 73,320,000 |
| Interest-bearing deposits | 53,260,000 | 50,740,000 | 52,964,000 | 53,766,000 |
| Noninterest-bearing deposits | 16,069,000 | 16,179,000 | 18,519,000 | 19,554,000 |
| Equity capital | 7,915,000 | 7,897,000 | 8,279,000 | 8,580,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,034,000 | 2,105,000 | 3,207,000 | 4,382,000 |
| Interest expense | 202,000 | 399,000 | 606,000 | 834,000 |
| Net interest income | 832,000 | 1,706,000 | 2,601,000 | 3,548,000 |
| Noninterest income | 109,000 | 283,000 | 417,000 | 571,000 |
| Noninterest expense | 596,000 | 1,211,000 | 1,808,000 | 2,329,000 |
| Provision for loan losses | 75,000 | 150,000 | 150,000 | 150,000 |
| Pretax income | 270,000 | 628,000 | 1,060,000 | 1,640,000 |
| Income tax | 85,000 | 206,000 | 357,000 | 565,000 |
| Net income | 185,000 | 422,000 | 703,000 | 1,075,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,637,000 | 7,874,000 | 8,155,000 | 8,527,000 |
| Total capital | 8,391,000 | 8,658,000 | 8,982,000 | 9,345,000 |
| Risk-weighted assets | 59,974,000 | 62,341,000 | 65,838,000 | 65,201,000 |