Call reports 2004
SECURITY STATE BANK OF HOWARD LAKE — 2004
What SECURITY STATE BANK OF HOWARD LAKE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 61,572,000 | 66,785,000 | 74,458,000 | 78,038,000 |
| Total loans | 39,145,000 | 44,711,000 | 51,225,000 | 54,317,000 |
| Allowance for loan losses | 421,000 | 494,000 | 541,000 | 598,000 |
| Securities available for sale | 12,915,000 | 12,512,000 | 13,527,000 | 13,722,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,658,000 | 52,925,000 | 60,627,000 | 63,113,000 |
| Interest-bearing deposits | 42,686,000 | 44,085,000 | 51,100,000 | 51,985,000 |
| Noninterest-bearing deposits | 7,972,000 | 8,840,000 | 9,528,000 | 11,128,000 |
| Equity capital | 5,775,000 | 5,544,000 | 5,892,000 | 6,125,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 823,000 | 1,714,000 | 2,685,000 | 3,866,000 |
| Interest expense | 277,000 | 550,000 | 852,000 | 1,203,000 |
| Net interest income | 546,000 | 1,164,000 | 1,833,000 | 2,663,000 |
| Noninterest income | 87,000 | 203,000 | 294,000 | 428,000 |
| Noninterest expense | 328,000 | 734,000 | 1,122,000 | 1,524,000 |
| Provision for loan losses | 15,000 | 89,000 | 136,000 | 174,000 |
| Pretax income | 290,000 | 544,000 | 870,000 | 1,395,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | 289,000 | 543,000 | 869,000 | 1,394,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,138,000 | 5,261,000 | 5,471,000 | 5,860,000 |
| Total capital | 5,559,000 | 5,755,000 | 6,012,000 | 6,458,000 |
| Risk-weighted assets | 48,012,000 | 53,121,000 | 58,878,000 | 62,470,000 |