Call reports 2015
SECURITY STATE BANK OF HIBBING — 2015
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 121,777,000 | 120,629,000 | 126,148,000 | 128,991,000 |
| Total loans | 53,841,000 | 56,240,000 | 57,427,000 | 59,387,000 |
| Allowance for loan losses | 1,001,000 | 1,003,000 | 932,000 | 926,000 |
| Securities available for sale | 31,985,000 | 30,995,000 | 32,091,000 | 34,159,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 108,661,000 | 106,456,000 | 112,412,000 | 116,115,000 |
| Interest-bearing deposits | 69,530,000 | 69,502,000 | 69,759,000 | 70,413,000 |
| Noninterest-bearing deposits | 39,131,000 | 36,954,000 | 42,653,000 | 45,702,000 |
| Equity capital | 11,445,000 | 11,416,000 | 11,869,000 | 12,031,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 962,000 | 1,972,000 | 2,988,000 | 4,022,000 |
| Interest expense | 48,000 | 99,000 | 151,000 | 203,000 |
| Net interest income | 914,000 | 1,873,000 | 2,837,000 | 3,819,000 |
| Noninterest income | 191,000 | 377,000 | 550,000 | 664,000 |
| Noninterest expense | 745,000 | 1,568,000 | 2,341,000 | 3,109,000 |
| Provision for loan losses | 2,000 | 2,000 | 4,000 | 4,000 |
| Pretax income | 371,000 | 693,000 | 1,055,000 | 1,383,000 |
| Income tax | 131,000 | 245,000 | 374,000 | 482,000 |
| Net income | 240,000 | 448,000 | 681,000 | 901,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,029,000 | 12,163,000 | 12,525,000 | 12,627,000 |
| Total capital | 12,808,000 | 12,975,000 | 13,338,000 | 13,446,000 |
| Risk-weighted assets | 62,156,000 | 64,615,000 | 64,945,000 | 65,389,000 |