Call reports 2010
GOGEBIC RANGE BANK — 2010
What GOGEBIC RANGE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 63,525,000 | 68,819,000 | 65,950,000 | 62,138,000 |
| Total loans | 50,543,000 | 52,452,000 | 52,566,000 | 51,197,000 |
| Allowance for loan losses | 605,000 | 733,000 | 883,000 | 655,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 4,196,000 | 4,595,000 | 4,285,000 | 4,285,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,141,000 | 62,210,000 | 59,314,000 | 55,221,000 |
| Interest-bearing deposits | 50,490,000 | 54,907,000 | 52,777,000 | 48,296,000 |
| Noninterest-bearing deposits | 6,651,000 | 7,303,000 | 6,537,000 | 6,925,000 |
| Equity capital | 6,236,000 | 6,406,000 | 6,559,000 | 6,590,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 908,000 | 1,846,000 | 2,804,000 | 3,756,000 |
| Interest expense | 242,000 | 475,000 | 690,000 | 880,000 |
| Net interest income | 666,000 | 1,371,000 | 2,114,000 | 2,876,000 |
| Noninterest income | 64,000 | 153,000 | 240,000 | 351,000 |
| Noninterest expense | 398,000 | 817,000 | 1,277,000 | 1,723,000 |
| Provision for loan losses | 36,000 | 168,000 | 318,000 | 468,000 |
| Pretax income | 296,000 | 539,000 | 759,000 | 1,036,000 |
| Income tax | 97,000 | 169,000 | 236,000 | 282,000 |
| Net income | 199,000 | 370,000 | 523,000 | 754,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,236,000 | 6,406,000 | 6,559,000 | 6,590,000 |
| Total capital | 6,841,000 | 7,114,000 | 7,258,000 | 7,245,000 |
| Risk-weighted assets | 53,347,000 | 55,836,000 | 55,000,000 | 53,452,000 |
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