Call reports 2024
SECURITY STATE BANK — 2024
What SECURITY STATE BANK 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 | 502,835,000 | 870,574,000 | 894,332,000 | 929,763,000 |
| Total loans | 401,770,000 | 652,240,000 | 672,847,000 | 715,225,000 |
| Allowance for loan losses | 4,253,000 | 5,555,000 | 6,029,000 | 6,885,000 |
| Securities available for sale | 50,579,000 | 69,369,000 | 133,270,000 | 132,551,000 |
| Securities held to maturity | 13,405,000 | 12,653,000 | 12,652,000 | 11,651,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 338,035,000 | 641,267,000 | 650,281,000 | 691,360,000 |
| Interest-bearing deposits | 288,706,000 | 558,416,000 | 567,022,000 | 601,210,000 |
| Noninterest-bearing deposits | 49,329,000 | 82,851,000 | 83,259,000 | 90,150,000 |
| Equity capital | 56,133,000 | 94,287,000 | 97,866,000 | 95,339,000 |
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 | 7,506,000 | 17,848,000 | 32,524,000 | 47,578,000 |
| Interest expense | 4,021,000 | 9,564,000 | 17,461,000 | 25,427,000 |
| Net interest income | 3,485,000 | 8,284,000 | 15,063,000 | 22,151,000 |
| Noninterest income | 359,000 | 881,000 | 1,498,000 | 2,428,000 |
| Noninterest expense | 1,792,000 | 4,479,000 | 9,038,000 | 13,506,000 |
| Provision for loan losses | 0 | 1,300,000 | 1,800,000 | 2,700,000 |
| Pretax income | 1,977,000 | 3,307,000 | 5,955,000 | 8,475,000 |
| Income tax | 428,000 | 988,000 | 1,804,000 | 2,441,000 |
| Net income | 1,549,000 | 2,319,000 | 4,151,000 | 6,034,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,348,000 | 84,303,000 | 86,862,000 | 86,846,000 |
| Total capital | 63,602,000 | 89,858,000 | 92,891,000 | 93,731,000 |
| Risk-weighted assets | 449,480,000 | 748,737,000 | 754,651,000 | 788,238,000 |