Call reports 2023
STATE BANK OF FARIBAULT, THE — 2023
What STATE BANK OF FARIBAULT, THE 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 | 297,674,000 | 288,922,000 | 287,334,000 | 295,680,000 |
| Total loans | 155,432,000 | 157,799,000 | 154,446,000 | 156,145,000 |
| Allowance for loan losses | 2,937,000 | 2,945,000 | 2,974,000 | 2,939,000 |
| Securities available for sale | 107,901,000 | 106,574,000 | 69,904,000 | 73,659,000 |
| Securities held to maturity | 0 | 0 | 36,077,000 | 36,212,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 282,086,000 | 266,820,000 | 274,152,000 | 278,403,000 |
| Interest-bearing deposits | 205,127,000 | 191,329,000 | 196,506,000 | 205,779,000 |
| Noninterest-bearing deposits | 76,959,000 | 75,491,000 | 77,646,000 | 72,624,000 |
| Equity capital | 12,481,000 | 11,233,000 | 9,625,000 | 14,020,000 |
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 | 2,889,000 | 6,015,000 | 9,137,000 | 12,488,000 |
| Interest expense | 718,000 | 1,620,000 | 2,616,000 | 3,757,000 |
| Net interest income | 2,171,000 | 4,395,000 | 6,521,000 | 8,731,000 |
| Noninterest income | 1,074,000 | 1,607,000 | 2,207,000 | 2,809,000 |
| Noninterest expense | 2,321,000 | 4,550,000 | 6,594,000 | 8,625,000 |
| Provision for loan losses | 84,000 | 143,000 | 229,000 | 314,000 |
| Pretax income | 840,000 | 1,309,000 | 1,905,000 | 2,634,000 |
| Income tax | 36,000 | 93,000 | 150,000 | 180,000 |
| Net income | 804,000 | 1,216,000 | 1,755,000 | 2,454,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,219,000 | 26,127,000 | 26,557,000 | 27,255,000 |
| Total capital | 28,805,000 | 28,734,000 | 29,140,000 | 29,869,000 |
| Risk-weighted assets | 206,543,000 | 208,223,000 | 206,240,000 | 208,831,000 |