Call reports 2022
SECURITY STATE BANK OF HIBBING — 2022
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 167,199,000 | 154,799,000 | 153,454,000 | 157,433,000 |
| Total loans | 71,841,000 | 69,671,000 | 71,990,000 | 78,886,000 |
| Allowance for loan losses | 923,000 | 933,000 | 960,000 | 991,000 |
| Securities available for sale | 49,040,000 | 51,896,000 | 52,683,000 | 52,122,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 154,612,000 | 143,320,000 | 143,093,000 | 146,257,000 |
| Interest-bearing deposits | 81,542,000 | 77,692,000 | 70,248,000 | 69,012,000 |
| Noninterest-bearing deposits | 73,070,000 | 65,628,000 | 72,845,000 | 77,245,000 |
| Equity capital | 11,825,000 | 10,789,000 | 9,535,000 | 10,522,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,109,000 | 2,357,000 | 3,769,000 | 5,331,000 |
| Interest expense | 23,000 | 44,000 | 68,000 | 117,000 |
| Net interest income | 1,086,000 | 2,313,000 | 3,701,000 | 5,214,000 |
| Noninterest income | 222,000 | 431,000 | 941,000 | 843,000 |
| Noninterest expense | 924,000 | 1,882,000 | 2,922,000 | 4,040,000 |
| Provision for loan losses | 1,000 | 13,000 | 45,000 | 79,000 |
| Pretax income | 383,000 | 849,000 | 1,675,000 | 1,938,000 |
| Income tax | 99,000 | 221,000 | 446,000 | 512,000 |
| Net income | 284,000 | 628,000 | 1,229,000 | 1,426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,115,000 | 15,459,000 | 16,060,000 | 16,258,000 |
| Total capital | 16,038,000 | 16,393,000 | 17,020,000 | 17,249,000 |
| Risk-weighted assets | 86,015,000 | 89,180,000 | 92,933,000 | 97,613,000 |