Call reports 2024
STATE BANK OF FARIBAULT, THE — 2024
What STATE BANK OF FARIBAULT, THE 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 | 298,996,000 | 303,763,000 | 306,315,000 | 308,058,000 |
| Total loans | 159,571,000 | 166,388,000 | 168,897,000 | 170,153,000 |
| Allowance for loan losses | 3,111,000 | 3,139,000 | 3,269,000 | 3,431,000 |
| Securities available for sale | 73,043,000 | 72,754,000 | 73,910,000 | 72,969,000 |
| Securities held to maturity | 36,314,000 | 36,406,000 | 36,451,000 | 36,672,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 281,834,000 | 286,726,000 | 286,095,000 | 287,885,000 |
| Interest-bearing deposits | 205,601,000 | 210,512,000 | 211,766,000 | 219,639,000 |
| Noninterest-bearing deposits | 76,233,000 | 76,214,000 | 74,329,000 | 68,246,000 |
| Equity capital | 13,641,000 | 13,475,000 | 16,649,000 | 16,327,000 |
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 | 3,395,000 | 6,934,000 | 10,611,000 | 14,409,000 |
| Interest expense | 1,260,000 | 2,611,000 | 3,935,000 | 5,284,000 |
| Net interest income | 2,135,000 | 4,323,000 | 6,676,000 | 9,125,000 |
| Noninterest income | 515,000 | 1,081,000 | 1,754,000 | 2,323,000 |
| Noninterest expense | 2,173,000 | 4,332,000 | 6,554,000 | 8,759,000 |
| Provision for loan losses | 159,000 | 267,000 | 426,000 | 586,000 |
| Pretax income | 318,000 | 805,000 | 1,450,000 | 2,121,000 |
| Income tax | 52,000 | 111,000 | 170,000 | 201,000 |
| Net income | 266,000 | 694,000 | 1,280,000 | 1,920,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,936,000 | 26,521,000 | 26,968,000 | 27,608,000 |
| Total capital | 29,605,000 | 29,247,000 | 29,751,000 | 30,324,000 |
| Risk-weighted assets | 213,097,000 | 217,789,000 | 222,176,000 | 216,568,000 |