Call reports 2008
SECURITY STATE BANK OF HOWARD LAKE — 2008
What SECURITY STATE BANK OF HOWARD LAKE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 82,675,000 | 82,969,000 | 81,523,000 | 80,457,000 |
| Total loans | 56,804,000 | 57,478,000 | 54,649,000 | 56,090,000 |
| Allowance for loan losses | 873,000 | 932,000 | 806,000 | 807,000 |
| Securities available for sale | 12,895,000 | 14,033,000 | 14,246,000 | 13,745,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,392,000 | 68,933,000 | 67,722,000 | 65,229,000 |
| Interest-bearing deposits | 57,452,000 | 56,121,000 | 55,251,000 | 54,622,000 |
| Noninterest-bearing deposits | 11,940,000 | 12,812,000 | 12,471,000 | 10,606,000 |
| Equity capital | 7,105,000 | 6,820,000 | 7,036,000 | 7,311,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,423,000 | 2,620,000 | 3,917,000 | 5,005,000 |
| Interest expense | 633,000 | 1,177,000 | 1,679,000 | 2,152,000 |
| Net interest income | 790,000 | 1,443,000 | 2,238,000 | 2,853,000 |
| Noninterest income | 81,000 | 183,000 | 267,000 | 376,000 |
| Noninterest expense | 502,000 | 1,029,000 | 1,575,000 | 2,055,000 |
| Provision for loan losses | 153,000 | 267,000 | 291,000 | 291,000 |
| Pretax income | 216,000 | 330,000 | 639,000 | 883,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 216,000 | 330,000 | 639,000 | 883,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,848,000 | 6,863,000 | 7,122,000 | 7,224,000 |
| Total capital | 7,670,000 | 7,702,000 | 7,911,000 | 8,017,000 |
| Risk-weighted assets | 65,674,000 | 67,044,000 | 63,105,000 | 63,436,000 |