Call reports 2005
SECURITY STATE BANK OF HIBBING — 2005
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 87,867,000 | 90,239,000 | 93,193,000 | 98,090,000 |
| Total loans | 56,595,000 | 58,173,000 | 59,312,000 | 62,329,000 |
| Allowance for loan losses | 1,028,000 | 1,147,000 | 1,017,000 | 1,160,000 |
| Securities available for sale | 24,148,000 | 24,784,000 | 24,996,000 | 25,906,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,739,000 | 74,265,000 | 76,471,000 | 79,269,000 |
| Interest-bearing deposits | 53,966,000 | 54,678,000 | 55,442,000 | 57,298,000 |
| Noninterest-bearing deposits | 18,773,000 | 19,587,000 | 21,029,000 | 21,971,000 |
| Equity capital | 7,828,000 | 8,393,000 | 8,702,000 | 8,814,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,307,000 | 2,640,000 | 3,991,000 | 5,456,000 |
| Interest expense | 239,000 | 538,000 | 857,000 | 1,264,000 |
| Net interest income | 1,068,000 | 2,102,000 | 3,134,000 | 4,192,000 |
| Noninterest income | 163,000 | 341,000 | 488,000 | 628,000 |
| Noninterest expense | 578,000 | 1,115,000 | 1,722,000 | 2,381,000 |
| Provision for loan losses | 0 | 3,000 | 3,000 | 153,000 |
| Pretax income | 653,000 | 1,324,000 | 1,896,000 | 2,269,000 |
| Income tax | 238,000 | 480,000 | 680,000 | 799,000 |
| Net income | 415,000 | 844,000 | 1,216,000 | 1,470,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,967,000 | 8,396,000 | 8,768,000 | 9,022,000 |
| Total capital | 8,783,000 | 9,250,000 | 9,645,000 | 9,942,000 |
| Risk-weighted assets | 65,066,000 | 68,006,000 | 70,036,000 | 73,396,000 |