Call reports 2023
SECURITY STATE BANK OF MARINE — 2023
What SECURITY STATE BANK OF MARINE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 194,789,000 | 192,559,000 | 199,209,000 | 201,568,000 |
| Total loans | 139,129,000 | 144,575,000 | 151,862,000 | 155,040,000 |
| Allowance for loan losses | 1,660,000 | 1,695,000 | 1,724,000 | 1,764,000 |
| Securities available for sale | 30,858,000 | 30,182,000 | 29,180,000 | 27,750,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 175,068,000 | 172,495,000 | 178,167,000 | 179,386,000 |
| Interest-bearing deposits | 111,077,000 | 109,869,000 | 112,164,000 | 119,418,000 |
| Noninterest-bearing deposits | 63,991,000 | 62,626,000 | 66,003,000 | 59,968,000 |
| Equity capital | 19,219,000 | 19,390,000 | 20,036,000 | 21,338,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,151,000 | 4,377,000 | 6,752,000 | 9,195,000 |
| Interest expense | 117,000 | 344,000 | 686,000 | 1,110,000 |
| Net interest income | 2,034,000 | 4,033,000 | 6,066,000 | 8,085,000 |
| Noninterest income | 249,000 | 446,000 | 654,000 | 829,000 |
| Noninterest expense | 945,000 | 1,980,000 | 3,052,000 | 4,242,000 |
| Provision for loan losses | 0 | 30,000 | 70,000 | 165,000 |
| Pretax income | 1,338,000 | 2,469,000 | 3,598,000 | 4,444,000 |
| Income tax | 110,000 | 234,000 | 358,000 | 423,000 |
| Net income | 1,228,000 | 2,235,000 | 3,240,000 | 4,021,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,358,000 | 20,735,000 | 21,439,000 | 22,220,000 |
| Total capital | 22,065,000 | 22,477,000 | 23,210,000 | 24,094,000 |
| Risk-weighted assets | 146,939,000 | 149,458,000 | 152,138,000 | 153,673,000 |