Call reports 2008
SECURITY STATE BANK OF AITKIN — 2008
What SECURITY STATE BANK OF AITKIN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 87,893,000 | 86,849,000 | 86,067,000 | 85,151,000 |
| Total loans | 66,495,000 | 65,411,000 | 65,933,000 | 65,036,000 |
| Allowance for loan losses | 1,211,000 | 1,178,000 | 1,199,000 | 1,004,000 |
| Securities available for sale | 11,144,000 | 12,675,000 | 11,800,000 | 11,998,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,406,000 | 73,842,000 | 75,830,000 | 73,858,000 |
| Interest-bearing deposits | 61,556,000 | 58,102,000 | 59,661,000 | 58,153,000 |
| Noninterest-bearing deposits | 14,850,000 | 15,740,000 | 16,169,000 | 15,705,000 |
| Equity capital | 10,744,000 | 9,272,000 | 9,290,000 | 9,333,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,517,000 | 2,920,000 | 4,340,000 | 5,643,000 |
| Interest expense | 395,000 | 742,000 | 1,052,000 | 1,331,000 |
| Net interest income | 1,122,000 | 2,178,000 | 3,288,000 | 4,312,000 |
| Noninterest income | 99,000 | 199,000 | 250,000 | 333,000 |
| Noninterest expense | 682,000 | 1,378,000 | 2,060,000 | 2,761,000 |
| Provision for loan losses | 22,000 | 45,000 | 67,000 | 110,000 |
| Pretax income | 517,000 | 954,000 | 1,411,000 | 1,774,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 517,000 | 954,000 | 1,411,000 | 1,774,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,619,000 | 9,306,000 | 9,263,000 | 9,127,000 |
| Total capital | 11,552,000 | 10,227,000 | 10,182,000 | 10,041,000 |
| Risk-weighted assets | 74,362,000 | 73,420,000 | 73,243,000 | 73,061,000 |