Call reports 2023
SECURITY STATE BANK — 2023
What SECURITY STATE BANK 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 | 378,531,000 | 427,342,000 | 460,566,000 | 488,048,000 |
| Total loans | 286,032,000 | 321,710,000 | 350,374,000 | 370,763,000 |
| Allowance for loan losses | 3,819,000 | 3,824,000 | 3,825,000 | 4,252,000 |
| Securities available for sale | 57,578,000 | 55,750,000 | 52,153,000 | 51,876,000 |
| Securities held to maturity | 13,409,000 | 13,408,000 | 13,407,000 | 13,406,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 267,703,000 | 293,608,000 | 306,571,000 | 332,762,000 |
| Interest-bearing deposits | 217,594,000 | 244,301,000 | 257,159,000 | 274,730,000 |
| Noninterest-bearing deposits | 50,109,000 | 49,307,000 | 49,412,000 | 58,032,000 |
| Equity capital | 51,811,000 | 53,132,000 | 53,940,000 | 54,727,000 |
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 | 5,082,000 | 10,876,000 | 17,437,000 | 24,633,000 |
| Interest expense | 1,640,000 | 4,085,000 | 7,402,000 | 11,250,000 |
| Net interest income | 3,442,000 | 6,791,000 | 10,035,000 | 13,383,000 |
| Noninterest income | 404,000 | 787,000 | 1,086,000 | 1,405,000 |
| Noninterest expense | 1,669,000 | 3,362,000 | 5,100,000 | 7,045,000 |
| Provision for loan losses | 0 | 0 | 0 | 425,000 |
| Pretax income | 2,192,000 | 4,241,000 | 5,994,000 | 7,589,000 |
| Income tax | 519,000 | 1,004,000 | 1,429,000 | 1,542,000 |
| Net income | 1,673,000 | 3,237,000 | 4,565,000 | 6,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,324,000 | 56,888,000 | 58,216,000 | 57,799,000 |
| Total capital | 59,143,000 | 60,712,000 | 62,041,000 | 62,051,000 |
| Risk-weighted assets | 341,880,000 | 385,409,000 | 405,367,000 | 424,093,000 |