Call reports 2009
GOGEBIC RANGE BANK — 2009
What GOGEBIC RANGE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 51,730,000 | 54,107,000 | 57,509,000 | 62,089,000 |
| Total loans | 45,399,000 | 47,205,000 | 50,450,000 | 50,505,000 |
| Allowance for loan losses | 516,000 | 540,000 | 609,000 | 562,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 2,881,000 | 2,861,000 | 2,871,000 | 4,021,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,939,000 | 48,052,000 | 51,277,000 | 55,697,000 |
| Interest-bearing deposits | 39,313,000 | 42,403,000 | 45,643,000 | 49,023,000 |
| Noninterest-bearing deposits | 5,626,000 | 5,649,000 | 5,633,000 | 6,673,000 |
| Equity capital | 5,685,000 | 5,883,000 | 6,079,000 | 6,036,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 818,000 | 1,657,000 | 2,552,000 | 3,477,000 |
| Interest expense | 244,000 | 478,000 | 714,000 | 962,000 |
| Net interest income | 574,000 | 1,179,000 | 1,838,000 | 2,515,000 |
| Noninterest income | 72,000 | 165,000 | 245,000 | 296,000 |
| Noninterest expense | 381,000 | 758,000 | 1,139,000 | 1,552,000 |
| Provision for loan losses | 24,000 | 51,000 | 119,000 | 226,000 |
| Pretax income | 241,000 | 535,000 | 825,000 | 1,033,000 |
| Income tax | 82,000 | 178,000 | 271,000 | 332,000 |
| Net income | 159,000 | 357,000 | 554,000 | 701,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,685,000 | 5,883,000 | 6,079,000 | 6,036,000 |
| Total capital | 6,201,000 | 6,423,000 | 6,688,000 | 6,598,000 |
| Risk-weighted assets | 45,589,000 | 47,564,000 | 51,099,000 | 52,846,000 |
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