Call reports 2016
SECURITY STATE BANK OF HIBBING — 2016
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 122,140,000 | 124,691,000 | 130,071,000 | 132,632,000 |
| Total loans | 60,372,000 | 64,018,000 | 63,353,000 | 61,429,000 |
| Allowance for loan losses | 920,000 | 920,000 | 931,000 | 1,021,000 |
| Securities available for sale | 33,126,000 | 28,958,000 | 30,106,000 | 30,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,918,000 | 110,852,000 | 115,818,000 | 119,328,000 |
| Interest-bearing deposits | 69,111,000 | 72,145,000 | 71,866,000 | 72,993,000 |
| Noninterest-bearing deposits | 37,807,000 | 38,707,000 | 43,952,000 | 46,335,000 |
| Equity capital | 12,110,000 | 12,608,000 | 12,854,000 | 12,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,072,000 | 2,166,000 | 3,262,000 | 4,309,000 |
| Interest expense | 53,000 | 112,000 | 173,000 | 238,000 |
| Net interest income | 1,019,000 | 2,054,000 | 3,089,000 | 4,071,000 |
| Noninterest income | 224,000 | 398,000 | 559,000 | 760,000 |
| Noninterest expense | 743,000 | 1,550,000 | 2,349,000 | 3,082,000 |
| Provision for loan losses | 2,000 | 3,000 | 14,000 | 140,000 |
| Pretax income | 504,000 | 911,000 | 1,297,000 | 1,621,000 |
| Income tax | 186,000 | 332,000 | 470,000 | 577,000 |
| Net income | 318,000 | 579,000 | 827,000 | 1,044,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,542,000 | 12,842,000 | 13,090,000 | 13,378,000 |
| Total capital | 13,357,000 | 13,709,000 | 13,953,000 | 14,248,000 |
| Risk-weighted assets | 65,060,000 | 69,321,000 | 69,023,000 | 69,452,000 |