Call reports 2024
SECURITY STATE BANK — 2024
What SECURITY STATE BANK 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 | 108,544,000 | 113,839,000 | 121,403,000 | 121,383,000 |
| Total loans | 72,716,000 | 78,197,000 | 79,239,000 | 74,539,000 |
| Allowance for loan losses | 1,856,000 | 1,848,000 | 1,848,000 | 1,848,000 |
| Securities available for sale | 26,867,000 | 26,444,000 | 23,889,000 | 23,150,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,993,000 | 88,849,000 | 95,462,000 | 95,028,000 |
| Interest-bearing deposits | 63,110,000 | 67,435,000 | 73,364,000 | 70,050,000 |
| Noninterest-bearing deposits | 20,883,000 | 21,414,000 | 22,098,000 | 24,978,000 |
| Equity capital | 24,244,000 | 24,825,000 | 25,711,000 | 26,125,000 |
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 | 1,469,000 | 3,020,000 | 4,629,000 | 6,296,000 |
| Interest expense | 246,000 | 606,000 | 990,000 | 1,408,000 |
| Net interest income | 1,223,000 | 2,414,000 | 3,639,000 | 4,888,000 |
| Noninterest income | 42,000 | 86,000 | 136,000 | 193,000 |
| Noninterest expense | 553,000 | 1,105,000 | 1,670,000 | 2,287,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 712,000 | 1,395,000 | 2,105,000 | 2,794,000 |
| Income tax | 168,000 | 325,000 | 493,000 | 633,000 |
| Net income | 544,000 | 1,070,000 | 1,612,000 | 2,161,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,922,000 | 25,448,000 | 25,990,000 | 26,539,000 |
| Total capital | 25,969,000 | 26,559,000 | 27,149,000 | 27,595,000 |
| Risk-weighted assets | 82,996,000 | 88,201,000 | 92,108,000 | 83,754,000 |