Call reports 2003
SECURITY STATE BANK OF HOWARD LAKE — 2003
What SECURITY STATE BANK OF HOWARD LAKE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 54,460,000 | 62,734,000 | 59,774,000 | 59,846,000 |
| Total loans | 31,671,000 | 34,856,000 | 36,098,000 | 37,832,000 |
| Allowance for loan losses | 354,000 | 379,000 | 395,000 | 410,000 |
| Securities available for sale | 15,226,000 | 15,949,000 | 14,064,000 | 12,309,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,943,000 | 51,731,000 | 49,210,000 | 49,519,000 |
| Interest-bearing deposits | 36,922,000 | 42,148,000 | 41,887,000 | 41,907,000 |
| Noninterest-bearing deposits | 7,021,000 | 9,583,000 | 7,323,000 | 7,612,000 |
| Equity capital | 5,260,000 | 5,507,000 | 5,379,000 | 5,486,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 759,000 | 1,607,000 | 2,431,000 | 3,251,000 |
| Interest expense | 285,000 | 586,000 | 871,000 | 1,148,000 |
| Net interest income | 474,000 | 1,021,000 | 1,560,000 | 2,103,000 |
| Noninterest income | 125,000 | 201,000 | 289,000 | 360,000 |
| Noninterest expense | 301,000 | 603,000 | 925,000 | 1,295,000 |
| Provision for loan losses | 35,000 | 72,000 | 127,000 | 154,000 |
| Pretax income | 263,000 | 547,000 | 797,000 | 1,026,000 |
| Income tax | 14,000 | 14,000 | 14,000 | 14,000 |
| Net income | 249,000 | 533,000 | 783,000 | 1,012,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,545,000 | 4,716,000 | 4,837,000 | 4,953,000 |
| Total capital | 4,899,000 | 5,095,000 | 5,232,000 | 5,363,000 |
| Risk-weighted assets | 37,891,000 | 44,883,000 | 44,571,000 | 46,130,000 |