Call reports 2012
SECURITY STATE BANK OF HIBBING — 2012
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 102,567,000 | 101,881,000 | 102,166,000 | 112,280,000 |
| Total loans | 48,061,000 | 48,760,000 | 48,784,000 | 49,380,000 |
| Allowance for loan losses | 1,941,000 | 1,942,000 | 1,694,000 | 1,695,000 |
| Securities available for sale | 25,377,000 | 27,863,000 | 29,341,000 | 34,429,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,360,000 | 89,660,000 | 89,826,000 | 99,803,000 |
| Interest-bearing deposits | 59,156,000 | 57,383,000 | 59,148,000 | 65,672,000 |
| Noninterest-bearing deposits | 31,204,000 | 32,277,000 | 30,678,000 | 34,131,000 |
| Equity capital | 9,669,000 | 9,925,000 | 10,067,000 | 10,094,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 919,000 | 1,843,000 | 2,740,000 | 3,669,000 |
| Interest expense | 113,000 | 207,000 | 289,000 | 359,000 |
| Net interest income | 806,000 | 1,636,000 | 2,451,000 | 3,310,000 |
| Noninterest income | 222,000 | 416,000 | 97,000 | 315,000 |
| Noninterest expense | 801,000 | 1,624,000 | 2,268,000 | 3,066,000 |
| Provision for loan losses | 0 | 1,000 | -249,000 | -248,000 |
| Pretax income | 227,000 | 427,000 | 529,000 | 807,000 |
| Income tax | 60,000 | 110,000 | 121,000 | 152,000 |
| Net income | 167,000 | 317,000 | 408,000 | 655,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,790,000 | 10,029,000 | 10,155,000 | 10,177,000 |
| Total capital | 10,569,000 | 10,799,000 | 10,928,000 | 10,948,000 |
| Risk-weighted assets | 61,178,000 | 60,450,000 | 60,917,000 | 60,761,000 |