Call reports 2008
SECURITY STATE BANK — 2008
What SECURITY STATE BANK 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 | 59,944,000 | 56,614,000 | 56,208,000 | 59,844,000 |
| Total loans | 39,096,000 | 40,279,000 | 41,725,000 | 44,066,000 |
| Allowance for loan losses | 548,000 | 550,000 | 559,000 | 588,000 |
| Securities available for sale | 9,569,000 | 9,977,000 | 10,011,000 | 10,503,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,559,000 | 49,644,000 | 49,169,000 | 50,811,000 |
| Interest-bearing deposits | 44,419,000 | 42,125,000 | 41,290,000 | 39,566,000 |
| Noninterest-bearing deposits | 7,140,000 | 7,519,000 | 7,879,000 | 11,245,000 |
| Equity capital | 6,533,000 | 6,544,000 | 6,674,000 | 6,925,000 |
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 | 862,000 | 1,690,000 | 2,520,000 | 3,339,000 |
| Interest expense | 372,000 | 711,000 | 989,000 | 1,232,000 |
| Net interest income | 490,000 | 979,000 | 1,531,000 | 2,107,000 |
| Noninterest income | 51,000 | 117,000 | 169,000 | 231,000 |
| Noninterest expense | 352,000 | 704,000 | 1,078,000 | 1,474,000 |
| Provision for loan losses | 8,000 | 19,000 | 27,000 | 57,000 |
| Pretax income | 181,000 | 373,000 | 595,000 | 807,000 |
| Income tax | 52,000 | 107,000 | 175,000 | 245,000 |
| Net income | 129,000 | 266,000 | 420,000 | 562,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,342,000 | 6,479,000 | 6,602,000 | 6,715,000 |
| Total capital | 6,883,000 | 7,029,000 | 7,161,000 | 7,298,000 |
| Risk-weighted assets | 49,463,000 | 45,411,000 | 44,828,000 | 46,616,000 |