Call reports 2024
SECURITY STATE BANK OF HIBBING — 2024
What SECURITY STATE BANK OF HIBBING reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 152,766,000 | 155,394,000 | 161,664,000 | 154,007,000 |
| Total loans | 89,207,000 | 87,222,000 | 88,211,000 | 87,311,000 |
| Allowance for loan losses | 1,200,000 | 1,206,000 | 1,198,000 | 1,198,000 |
| Securities available for sale | 46,669,000 | 45,872,000 | 45,402,000 | 46,215,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,376,000 | 135,362,000 | 144,796,000 | 140,936,000 |
| Interest-bearing deposits | 81,861,000 | 79,302,000 | 85,873,000 | 89,694,000 |
| Noninterest-bearing deposits | 55,515,000 | 56,060,000 | 58,923,000 | 51,242,000 |
| Equity capital | 10,638,000 | 10,904,000 | 12,547,000 | 11,963,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,886,000 | 3,697,000 | 5,594,000 | 7,509,000 |
| Interest expense | 366,000 | 742,000 | 1,198,000 | 1,613,000 |
| Net interest income | 1,520,000 | 2,955,000 | 4,396,000 | 5,896,000 |
| Noninterest income | 165,000 | 348,000 | 577,000 | 768,000 |
| Noninterest expense | 1,079,000 | 2,237,000 | 3,341,000 | 4,468,000 |
| Provision for loan losses | 26,000 | 35,000 | 47,000 | 78,000 |
| Pretax income | 580,000 | 1,031,000 | 1,585,000 | 2,118,000 |
| Income tax | 155,000 | 272,000 | 416,000 | 561,000 |
| Net income | 425,000 | 759,000 | 1,169,000 | 1,557,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,911,000 | 16,246,000 | 16,655,000 | 17,043,000 |
| Total capital | 17,111,000 | 17,452,000 | 17,853,000 | 18,241,000 |
| Risk-weighted assets | 107,099,000 | 104,694,000 | 107,291,000 | 106,239,000 |
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