Call reports 2008
SECURITY STATE BANK OF MARINE — 2008
What SECURITY STATE BANK OF MARINE 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 | 93,673,000 | 93,072,000 | 95,575,000 | 96,993,000 |
| Total loans | 75,260,000 | 74,154,000 | 73,274,000 | 74,559,000 |
| Allowance for loan losses | 1,001,000 | 1,001,000 | 1,016,000 | 1,046,000 |
| Securities available for sale | 6,433,000 | 6,242,000 | 6,206,000 | 5,778,000 |
| Securities held to maturity | 1,767,000 | 1,747,000 | 1,322,000 | 1,500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,657,000 | 79,535,000 | 81,665,000 | 83,324,000 |
| Interest-bearing deposits | 68,908,000 | 66,696,000 | 68,970,000 | 70,100,000 |
| Noninterest-bearing deposits | 10,749,000 | 12,839,000 | 12,695,000 | 13,224,000 |
| Equity capital | 10,226,000 | 10,320,000 | 10,537,000 | 10,811,000 |
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 | 1,548,000 | 3,028,000 | 4,501,000 | 5,983,000 |
| Interest expense | 647,000 | 1,198,000 | 1,703,000 | 2,183,000 |
| Net interest income | 901,000 | 1,830,000 | 2,798,000 | 3,800,000 |
| Noninterest income | 171,000 | 336,000 | 475,000 | 646,000 |
| Noninterest expense | 702,000 | 1,456,000 | 2,188,000 | 2,944,000 |
| Provision for loan losses | 18,000 | 36,000 | 54,000 | 102,000 |
| Pretax income | 352,000 | 674,000 | 1,031,000 | 1,400,000 |
| Income tax | 138,000 | 270,000 | 415,000 | 573,000 |
| Net income | 214,000 | 404,000 | 616,000 | 827,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,124,000 | 10,314,000 | 10,526,000 | 10,737,000 |
| Total capital | 10,949,000 | 11,139,000 | 11,345,000 | 11,559,000 |
| Risk-weighted assets | 65,837,000 | 65,798,000 | 65,314,000 | 65,542,000 |