Call reports 2008
GOGEBIC RANGE BANK — 2008
What GOGEBIC RANGE BANK 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 | 44,547,000 | 48,594,000 | 49,155,000 | 50,645,000 |
| Total loans | 38,447,000 | 42,889,000 | 43,469,000 | 44,291,000 |
| Allowance for loan losses | 542,000 | 551,000 | 546,000 | 558,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 2,999,000 | 2,554,000 | 3,004,000 | 3,003,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,056,000 | 42,335,000 | 43,421,000 | 43,224,000 |
| Interest-bearing deposits | 33,121,000 | 35,925,000 | 37,761,000 | 37,960,000 |
| Noninterest-bearing deposits | 5,935,000 | 6,410,000 | 5,660,000 | 5,264,000 |
| Equity capital | 5,247,000 | 5,388,000 | 5,557,000 | 5,525,000 |
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 | 798,000 | 1,593,000 | 2,417,000 | 3,243,000 |
| Interest expense | 287,000 | 560,000 | 829,000 | 1,102,000 |
| Net interest income | 511,000 | 1,033,000 | 1,588,000 | 2,141,000 |
| Noninterest income | 63,000 | 127,000 | 192,000 | 246,000 |
| Noninterest expense | 349,000 | 683,000 | 1,034,000 | 1,404,000 |
| Provision for loan losses | 8,000 | 15,000 | 30,000 | 41,000 |
| Pretax income | 217,000 | 462,000 | 716,000 | 942,000 |
| Income tax | 73,000 | 157,000 | 243,000 | 320,000 |
| Net income | 144,000 | 305,000 | 473,000 | 622,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,247,000 | 5,388,000 | 5,557,000 | 5,525,000 |
| Total capital | 5,741,000 | 5,932,000 | 6,103,000 | 6,083,000 |
| Risk-weighted assets | 38,685,000 | 42,736,000 | 43,263,000 | 44,379,000 |
Machine access — free, no API key
Every figure shown here about GOGEBIC RANGE BANK — 2008 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.