Call reports 2020
SECURITY STATE BANK OF HIBBING — 2020
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 132,325,000 | 159,059,000 | 162,183,000 | 171,537,000 |
| Total loans | 68,188,000 | 75,168,000 | 77,964,000 | 75,444,000 |
| Allowance for loan losses | 810,000 | 885,000 | 935,000 | 1,026,000 |
| Securities available for sale | 25,960,000 | 25,976,000 | 28,280,000 | 31,224,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 116,310,000 | 133,733,000 | 146,845,000 | 156,069,000 |
| Interest-bearing deposits | 68,861,000 | 77,199,000 | 83,481,000 | 89,572,000 |
| Noninterest-bearing deposits | 47,449,000 | 56,534,000 | 63,364,000 | 66,497,000 |
| Equity capital | 13,680,000 | 14,234,000 | 14,554,000 | 14,531,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,232,000 | 2,656,000 | 3,961,000 | 5,170,000 |
| Interest expense | 86,000 | 158,000 | 219,000 | 267,000 |
| Net interest income | 1,146,000 | 2,498,000 | 3,742,000 | 4,903,000 |
| Noninterest income | 158,000 | 309,000 | 498,000 | 695,000 |
| Noninterest expense | 938,000 | 1,818,000 | 2,741,000 | 3,666,000 |
| Provision for loan losses | 2,000 | 77,000 | 127,000 | 232,000 |
| Pretax income | 377,000 | 925,000 | 1,385,000 | 1,713,000 |
| Income tax | 95,000 | 240,000 | 360,000 | 439,000 |
| Net income | 282,000 | 685,000 | 1,025,000 | 1,274,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,061,000 | 14,464,000 | 14,805,000 | 15,053,000 |
| Total capital | 14,871,000 | 15,329,000 | 15,711,000 | 16,022,000 |
| Risk-weighted assets | 73,288,000 | 69,206,000 | 72,494,000 | 77,503,000 |