Call reports 2013
SECURITY STATE BANK OF HIBBING — 2013
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 111,143,000 | 113,708,000 | 120,644,000 | 123,833,000 |
| Total loans | 50,189,000 | 52,647,000 | 52,652,000 | 52,749,000 |
| Allowance for loan losses | 1,725,000 | 1,727,000 | 1,677,000 | 1,035,000 |
| Securities available for sale | 37,130,000 | 36,935,000 | 37,995,000 | 38,111,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,662,000 | 102,184,000 | 108,955,000 | 112,467,000 |
| Interest-bearing deposits | 68,022,000 | 68,334,000 | 71,840,000 | 72,662,000 |
| Noninterest-bearing deposits | 30,640,000 | 33,850,000 | 37,115,000 | 39,805,000 |
| Equity capital | 10,159,000 | 9,427,000 | 9,600,000 | 9,718,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 946,000 | 1,917,000 | 2,847,000 | 3,843,000 |
| Interest expense | 64,000 | 125,000 | 181,000 | 236,000 |
| Net interest income | 882,000 | 1,792,000 | 2,666,000 | 3,607,000 |
| Noninterest income | 103,000 | 259,000 | 421,000 | 568,000 |
| Noninterest expense | 751,000 | 1,622,000 | 2,405,000 | 3,139,000 |
| Provision for loan losses | 49,000 | 53,000 | 53,000 | 53,000 |
| Pretax income | 185,000 | 376,000 | 645,000 | 999,000 |
| Income tax | 48,000 | 99,000 | 198,000 | 336,000 |
| Net income | 137,000 | 277,000 | 447,000 | 663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,211,000 | 10,200,000 | 10,611,000 | 11,056,000 |
| Total capital | 10,991,000 | 11,010,000 | 11,429,000 | 11,872,000 |
| Risk-weighted assets | 61,425,000 | 63,851,000 | 64,629,000 | 65,025,000 |