Call reports 2024
SECURITY STATE BANK OF MARINE — 2024
What SECURITY STATE BANK OF MARINE 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 | 202,347,000 | 207,111,000 | 215,955,000 | 219,696,000 |
| Total loans | 155,404,000 | 162,672,000 | 167,552,000 | 169,812,000 |
| Allowance for loan losses | 1,842,000 | 1,845,000 | 1,874,000 | 2,025,000 |
| Securities available for sale | 26,685,000 | 23,772,000 | 21,232,000 | 19,210,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 180,714,000 | 184,372,000 | 192,080,000 | 195,639,000 |
| Interest-bearing deposits | 122,325,000 | 125,619,000 | 128,532,000 | 136,879,000 |
| Noninterest-bearing deposits | 58,389,000 | 58,753,000 | 63,548,000 | 58,760,000 |
| Equity capital | 20,776,000 | 21,666,000 | 22,452,000 | 23,213,000 |
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 | 2,588,000 | 5,389,000 | 8,313,000 | 11,250,000 |
| Interest expense | 505,000 | 1,122,000 | 1,804,000 | 2,510,000 |
| Net interest income | 2,083,000 | 4,267,000 | 6,509,000 | 8,740,000 |
| Noninterest income | 248,000 | 457,000 | 637,000 | 831,000 |
| Noninterest expense | 1,012,000 | 2,105,000 | 3,345,000 | 4,693,000 |
| Provision for loan losses | 30,000 | 30,000 | 60,000 | 205,000 |
| Pretax income | 1,289,000 | 2,589,000 | 3,741,000 | 4,673,000 |
| Income tax | 119,000 | 240,000 | 370,000 | 482,000 |
| Net income | 1,170,000 | 2,349,000 | 3,371,000 | 4,191,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,676,000 | 22,496,000 | 22,867,000 | 23,687,000 |
| Total capital | 23,570,000 | 24,430,000 | 24,818,000 | 25,631,000 |
| Risk-weighted assets | 151,487,000 | 154,743,000 | 156,090,000 | 155,376,000 |