Call reports 2018
SECURITY STATE BANK OF HIBBING — 2018
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 119,370,000 | 123,007,000 | 124,429,000 | 138,702,000 |
| Total loans | 67,231,000 | 70,116,000 | 65,687,000 | 64,801,000 |
| Allowance for loan losses | 1,168,000 | 1,229,000 | 492,000 | 665,000 |
| Securities available for sale | 24,001,000 | 23,698,000 | 24,643,000 | 26,858,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,049,000 | 108,094,000 | 111,454,000 | 125,416,000 |
| Interest-bearing deposits | 67,020,000 | 67,674,000 | 65,057,000 | 78,333,000 |
| Noninterest-bearing deposits | 39,029,000 | 40,420,000 | 46,397,000 | 47,083,000 |
| Equity capital | 12,188,000 | 12,472,000 | 12,469,000 | 12,931,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,151,000 | 2,318,000 | 3,541,000 | 4,855,000 |
| Interest expense | 53,000 | 121,000 | 188,000 | 258,000 |
| Net interest income | 1,098,000 | 2,197,000 | 3,353,000 | 4,597,000 |
| Noninterest income | 146,000 | 338,000 | 489,000 | 664,000 |
| Noninterest expense | 858,000 | 1,677,000 | 2,627,000 | 3,362,000 |
| Provision for loan losses | 40,000 | 101,000 | 308,000 | 481,000 |
| Pretax income | 350,000 | 761,000 | 910,000 | 1,421,000 |
| Income tax | 88,000 | 193,000 | 223,000 | 355,000 |
| Net income | 262,000 | 568,000 | 687,000 | 1,066,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,417,000 | 13,723,000 | 13,842,000 | 14,221,000 |
| Total capital | 14,346,000 | 14,696,000 | 14,334,000 | 14,886,000 |
| Risk-weighted assets | 74,048,000 | 77,606,000 | 74,908,000 | 71,871,000 |