Call reports 2007
SECURITY STATE BANK OF HIBBING — 2007
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 101,723,000 | 99,840,000 | 101,809,000 | 101,852,000 |
| Total loans | 65,218,000 | 66,762,000 | 66,187,000 | 66,396,000 |
| Allowance for loan losses | 1,162,000 | 1,160,000 | 1,159,000 | 1,151,000 |
| Securities available for sale | 26,086,000 | 24,666,000 | 26,918,000 | 26,126,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,006,000 | 88,563,000 | 89,338,000 | 86,667,000 |
| Interest-bearing deposits | 67,056,000 | 68,467,000 | 68,585,000 | 66,376,000 |
| Noninterest-bearing deposits | 19,950,000 | 20,096,000 | 20,753,000 | 20,291,000 |
| Equity capital | 7,972,000 | 8,274,000 | 8,818,000 | 9,277,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,734,000 | 3,505,000 | 5,279,000 | 6,982,000 |
| Interest expense | 689,000 | 1,331,000 | 1,969,000 | 2,553,000 |
| Net interest income | 1,045,000 | 2,174,000 | 3,310,000 | 4,429,000 |
| Noninterest income | 141,000 | 299,000 | 455,000 | 596,000 |
| Noninterest expense | 689,000 | 1,342,000 | 2,003,000 | 2,720,000 |
| Provision for loan losses | 1,000 | 5,000 | 10,000 | 14,000 |
| Pretax income | 496,000 | 1,126,000 | 1,752,000 | 2,291,000 |
| Income tax | 169,000 | 393,000 | 614,000 | 800,000 |
| Net income | 327,000 | 733,000 | 1,138,000 | 1,491,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,073,000 | 8,480,000 | 8,884,000 | 9,237,000 |
| Total capital | 9,026,000 | 9,440,000 | 9,822,000 | 10,180,000 |
| Risk-weighted assets | 76,037,000 | 76,639,000 | 74,793,000 | 75,214,000 |