Call reports 2011
SECURITY STATE BANK OF HIBBING — 2011
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 89,040,000 | 93,084,000 | 101,563,000 | 98,938,000 |
| Total loans | 52,233,000 | 52,204,000 | 49,896,000 | 50,125,000 |
| Allowance for loan losses | 1,706,000 | 1,952,000 | 1,946,000 | 1,947,000 |
| Securities available for sale | 20,014,000 | 21,543,000 | 22,912,000 | 24,156,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,862,000 | 81,439,000 | 89,800,000 | 87,059,000 |
| Interest-bearing deposits | 54,564,000 | 55,577,000 | 58,623,000 | 58,685,000 |
| Noninterest-bearing deposits | 23,298,000 | 25,862,000 | 31,177,000 | 28,374,000 |
| Equity capital | 9,398,000 | 9,723,000 | 9,920,000 | 9,539,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 962,000 | 1,920,000 | 2,872,000 | 3,799,000 |
| Interest expense | 130,000 | 251,000 | 378,000 | 506,000 |
| Net interest income | 832,000 | 1,669,000 | 2,494,000 | 3,293,000 |
| Noninterest income | 155,000 | 609,000 | 767,000 | 990,000 |
| Noninterest expense | 846,000 | 1,684,000 | 2,556,000 | 3,305,000 |
| Provision for loan losses | 1,000 | 253,000 | 254,000 | 254,000 |
| Pretax income | 147,000 | 349,000 | 459,000 | 732,000 |
| Income tax | 23,000 | 70,000 | 80,000 | 147,000 |
| Net income | 124,000 | 279,000 | 379,000 | 585,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,412,000 | 9,433,000 | 9,484,000 | 9,622,000 |
| Total capital | 10,261,000 | 10,255,000 | 10,274,000 | 10,415,000 |
| Risk-weighted assets | 67,024,000 | 64,612,000 | 62,060,000 | 62,303,000 |