Call reports 2011
GOGEBIC RANGE BANK — 2011
What GOGEBIC RANGE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 61,574,000 | 61,161,000 | 64,235,000 | 63,893,000 |
| Total loans | 50,940,000 | 50,306,000 | 48,985,000 | 49,311,000 |
| Allowance for loan losses | 806,000 | 765,000 | 829,000 | 690,000 |
| Securities available for sale | 0 | 0 | 1,200,000 | 4,800,000 |
| Securities held to maturity | 4,858,000 | 4,337,000 | 3,228,000 | 2,725,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,617,000 | 54,252,000 | 56,944,000 | 56,374,000 |
| Interest-bearing deposits | 47,680,000 | 47,606,000 | 50,131,000 | 49,197,000 |
| Noninterest-bearing deposits | 6,938,000 | 6,646,000 | 6,814,000 | 7,177,000 |
| Equity capital | 6,761,000 | 6,761,000 | 7,027,000 | 7,069,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 931,000 | 1,867,000 | 2,761,000 | 3,668,000 |
| Interest expense | 169,000 | 331,000 | 488,000 | 642,000 |
| Net interest income | 762,000 | 1,536,000 | 2,273,000 | 3,026,000 |
| Noninterest income | 118,000 | 221,000 | 311,000 | 423,000 |
| Noninterest expense | 480,000 | 923,000 | 1,388,000 | 1,833,000 |
| Provision for loan losses | 150,000 | 525,000 | 600,000 | 600,000 |
| Pretax income | 250,000 | 309,000 | 632,000 | 1,052,000 |
| Income tax | 79,000 | 138,000 | 195,000 | 338,000 |
| Net income | 171,000 | 171,000 | 437,000 | 714,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,761,000 | 6,761,000 | 7,027,000 | 7,069,000 |
| Total capital | 7,435,000 | 7,430,000 | 7,688,000 | 7,736,000 |
| Risk-weighted assets | 53,112,000 | 52,692,000 | 51,989,000 | 52,565,000 |