Call reports 2023
SECURITY STATE BANK OF HIBBING — 2023
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 157,169,000 | 164,435,000 | 156,974,000 | 155,328,000 |
| Total loans | 80,211,000 | 83,778,000 | 87,985,000 | 90,218,000 |
| Allowance for loan losses | 1,241,000 | 1,256,000 | 1,271,000 | 1,175,000 |
| Securities available for sale | 50,292,000 | 48,493,000 | 46,142,000 | 47,487,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,078,000 | 153,223,000 | 140,345,000 | 138,432,000 |
| Interest-bearing deposits | 83,375,000 | 83,270,000 | 81,338,000 | 80,096,000 |
| Noninterest-bearing deposits | 62,703,000 | 69,953,000 | 59,007,000 | 58,336,000 |
| Equity capital | 10,154,000 | 10,315,000 | 9,622,000 | 11,725,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,590,000 | 3,228,000 | 4,982,000 | 6,845,000 |
| Interest expense | 86,000 | 298,000 | 530,000 | 877,000 |
| Net interest income | 1,504,000 | 2,930,000 | 4,452,000 | 5,968,000 |
| Noninterest income | 159,000 | 477,000 | 673,000 | 860,000 |
| Noninterest expense | 958,000 | 1,989,000 | 3,100,000 | 4,259,000 |
| Provision for loan losses | 22,000 | 39,000 | 55,000 | 197,000 |
| Pretax income | 671,000 | 1,367,000 | 1,958,000 | 2,360,000 |
| Income tax | 180,000 | 369,000 | 527,000 | 631,000 |
| Net income | 491,000 | 998,000 | 1,431,000 | 1,729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,388,000 | 15,895,000 | 16,328,000 | 16,626,000 |
| Total capital | 16,617,000 | 17,152,000 | 17,599,000 | 17,802,000 |
| Risk-weighted assets | 98,355,000 | 102,542,000 | 106,533,000 | 107,392,000 |