Call reports 2021
SECURITY STATE BANK OF HIBBING — 2021
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 177,289,000 | 164,336,000 | 174,766,000 | 178,793,000 |
| Total loans | 75,593,000 | 73,502,000 | 69,037,000 | 63,382,000 |
| Allowance for loan losses | 1,026,000 | 1,027,000 | 1,027,000 | 927,000 |
| Securities available for sale | 34,251,000 | 39,550,000 | 42,658,000 | 46,445,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,488,000 | 149,590,000 | 159,614,000 | 163,890,000 |
| Interest-bearing deposits | 89,714,000 | 85,373,000 | 84,030,000 | 86,290,000 |
| Noninterest-bearing deposits | 72,774,000 | 64,217,000 | 75,584,000 | 77,600,000 |
| Equity capital | 13,865,000 | 13,881,000 | 14,181,000 | 14,166,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,202,000 | 2,303,000 | 3,571,000 | 4,801,000 |
| Interest expense | 39,000 | 69,000 | 100,000 | 127,000 |
| Net interest income | 1,163,000 | 2,234,000 | 3,471,000 | 4,674,000 |
| Noninterest income | 194,000 | 361,000 | 615,000 | 733,000 |
| Noninterest expense | 932,000 | 1,859,000 | 2,880,000 | 3,841,000 |
| Provision for loan losses | 1,000 | 1,000 | 1,000 | 76,000 |
| Pretax income | 424,000 | 735,000 | 1,205,000 | 1,490,000 |
| Income tax | 109,000 | 187,000 | 310,000 | 381,000 |
| Net income | 315,000 | 548,000 | 895,000 | 1,109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,617,000 | 14,636,000 | 14,983,000 | 15,196,000 |
| Total capital | 15,559,000 | 15,570,000 | 15,945,000 | 16,123,000 |
| Risk-weighted assets | 75,282,000 | 74,608,000 | 76,856,000 | 77,770,000 |