Call reports 2008
SECURITY STATE BANK OF HIBBING — 2008
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 100,389,000 | 101,565,000 | 120,259,000 | 111,876,000 |
| Total loans | 64,368,000 | 67,285,000 | 68,275,000 | 70,145,000 |
| Allowance for loan losses | 1,159,000 | 1,103,000 | 1,105,000 | 2,200,000 |
| Securities available for sale | 26,099,000 | 24,691,000 | 36,855,000 | 25,195,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,720,000 | 80,620,000 | 100,113,000 | 85,516,000 |
| Interest-bearing deposits | 63,917,000 | 60,563,000 | 78,785,000 | 63,032,000 |
| Noninterest-bearing deposits | 19,803,000 | 20,057,000 | 21,328,000 | 22,484,000 |
| Equity capital | 8,870,000 | 8,901,000 | 9,382,000 | 8,355,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,528,000 | 2,905,000 | 4,398,000 | 5,796,000 |
| Interest expense | 493,000 | 848,000 | 1,209,000 | 1,608,000 |
| Net interest income | 1,035,000 | 2,057,000 | 3,189,000 | 4,188,000 |
| Noninterest income | 165,000 | 340,000 | 511,000 | 683,000 |
| Noninterest expense | 703,000 | 1,389,000 | 2,079,000 | 2,661,000 |
| Provision for loan losses | 4,000 | 5,000 | 6,000 | 1,106,000 |
| Pretax income | 493,000 | 1,003,000 | 1,615,000 | 1,115,000 |
| Income tax | 166,000 | 338,000 | 553,000 | 318,000 |
| Net income | 327,000 | 665,000 | 1,062,000 | 797,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,833,000 | 9,170,000 | 9,568,000 | 9,303,000 |
| Total capital | 9,772,000 | 10,156,000 | 10,607,000 | 10,370,000 |
| Risk-weighted assets | 74,889,000 | 78,738,000 | 83,044,000 | 84,197,000 |