Call reports 2024
SECURITY STATE BANK, THE — 2024
What SECURITY STATE BANK, 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 | 58,510,000 | 60,188,000 | 58,491,000 | 57,911,000 |
| Total loans | 15,989,000 | 17,042,000 | 16,963,000 | 17,491,000 |
| Allowance for loan losses | 173,000 | 173,000 | 173,000 | 173,000 |
| Securities available for sale | 18,156,000 | 8,245,000 | 6,365,000 | 10,074,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,705,000 | 49,985,000 | 47,800,000 | 47,250,000 |
| Interest-bearing deposits | 33,322,000 | 35,389,000 | 32,676,000 | 32,161,000 |
| Noninterest-bearing deposits | 15,383,000 | 14,596,000 | 15,124,000 | 15,089,000 |
| Equity capital | 9,507,000 | 9,874,000 | 10,197,000 | 10,379,000 |
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 | 689,000 | 1,464,000 | 2,279,000 | 3,083,000 |
| Interest expense | 130,000 | 273,000 | 420,000 | 557,000 |
| Net interest income | 559,000 | 1,191,000 | 1,859,000 | 2,526,000 |
| Noninterest income | 10,000 | 6,000 | 9,000 | 23,000 |
| Noninterest expense | 221,000 | 439,000 | 658,000 | 1,128,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 348,000 | 758,000 | 1,210,000 | 1,421,000 |
| Income tax | 88,000 | 193,000 | 386,000 | 360,000 |
| Net income | 260,000 | 565,000 | 824,000 | 1,061,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,614,000 | 9,919,000 | 10,178,000 | 10,415,000 |
| Total capital | 9,787,000 | 10,092,000 | 10,351,000 | 10,588,000 |
| Risk-weighted assets | 25,205,000 | 25,388,000 | 24,787,000 | 27,484,000 |