Call reports 2009
SECURITY STATE BANK OF HIBBING — 2009
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 103,807,000 | 104,257,000 | 102,963,000 | 97,869,000 |
| Total loans | 67,029,000 | 65,186,000 | 64,332,000 | 60,163,000 |
| Allowance for loan losses | 2,433,000 | 1,895,000 | 2,097,000 | 2,556,000 |
| Securities available for sale | 21,976,000 | 21,120,000 | 19,510,000 | 18,561,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 82,360,000 | 85,016,000 | 84,642,000 | 80,109,000 |
| Interest-bearing deposits | 64,068,000 | 64,330,000 | 64,089,000 | 57,146,000 |
| Noninterest-bearing deposits | 18,292,000 | 20,686,000 | 20,553,000 | 22,963,000 |
| Equity capital | 8,827,000 | 8,707,000 | 9,053,000 | 8,244,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,206,000 | 2,395,000 | 3,573,000 | 4,678,000 |
| Interest expense | 308,000 | 588,000 | 842,000 | 1,059,000 |
| Net interest income | 898,000 | 1,807,000 | 2,731,000 | 3,619,000 |
| Noninterest income | 205,000 | 399,000 | 597,000 | 820,000 |
| Noninterest expense | 802,000 | 1,723,000 | 2,487,000 | 3,341,000 |
| Provision for loan losses | 1,140,000 | 3,296,000 | 3,502,000 | 5,088,000 |
| Pretax income | -839,000 | -2,813,000 | -2,661,000 | -3,990,000 |
| Income tax | -340,000 | -1,201,000 | -1,171,000 | -1,739,000 |
| Net income | -499,000 | -1,612,000 | -1,490,000 | -2,251,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,643,000 | 9,530,000 | 9,652,000 | 8,574,000 |
| Total capital | 10,667,000 | 10,551,000 | 10,650,000 | 9,491,000 |
| Risk-weighted assets | 80,776,000 | 80,778,000 | 78,776,000 | 71,858,000 |
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