Call reports 2014
SECURITY STATE BANK OF HIBBING — 2014
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 126,827,000 | 120,216,000 | 127,188,000 | 126,791,000 |
| Total loans | 54,853,000 | 57,333,000 | 56,368,000 | 54,962,000 |
| Allowance for loan losses | 1,018,000 | 1,017,000 | 1,022,000 | 1,014,000 |
| Securities available for sale | 32,814,000 | 34,104,000 | 33,969,000 | 33,212,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 114,865,000 | 107,040,000 | 114,205,000 | 113,873,000 |
| Interest-bearing deposits | 71,616,000 | 67,406,000 | 71,097,000 | 71,919,000 |
| Noninterest-bearing deposits | 43,249,000 | 39,634,000 | 43,108,000 | 41,954,000 |
| Equity capital | 10,355,000 | 10,834,000 | 11,119,000 | 11,335,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 990,000 | 2,004,000 | 3,044,000 | 4,123,000 |
| Interest expense | 47,000 | 90,000 | 135,000 | 183,000 |
| Net interest income | 943,000 | 1,914,000 | 2,909,000 | 3,940,000 |
| Noninterest income | 131,000 | 292,000 | 485,000 | 610,000 |
| Noninterest expense | 715,000 | 1,538,000 | 2,282,000 | 3,040,000 |
| Provision for loan losses | 20,000 | 21,000 | 23,000 | 28,000 |
| Pretax income | 366,000 | 674,000 | 1,116,000 | 1,509,000 |
| Income tax | 124,000 | 227,000 | 385,000 | 511,000 |
| Net income | 242,000 | 447,000 | 731,000 | 998,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,374,000 | 11,566,000 | 11,850,000 | 12,282,000 |
| Total capital | 12,188,000 | 12,407,000 | 12,671,000 | 13,068,000 |
| Risk-weighted assets | 64,901,000 | 67,105,000 | 65,487,000 | 62,633,000 |