Call reports 2012
GOGEBIC RANGE BANK — 2012
What GOGEBIC RANGE BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 65,818,000 | 63,003,000 | 64,261,000 | 64,527,000 |
| Total loans | 49,065,000 | 49,851,000 | 50,071,000 | 48,717,000 |
| Allowance for loan losses | 804,000 | 795,000 | 897,000 | 717,000 |
| Securities available for sale | 4,800,000 | 4,500,000 | 4,500,000 | 5,700,000 |
| Securities held to maturity | 2,826,000 | 2,914,000 | 3,969,000 | 3,822,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,291,000 | 55,406,000 | 56,479,000 | 56,108,000 |
| Interest-bearing deposits | 50,771,000 | 47,969,000 | 48,639,000 | 48,345,000 |
| Noninterest-bearing deposits | 7,520,000 | 7,437,000 | 7,840,000 | 7,763,000 |
| Equity capital | 7,241,000 | 7,418,000 | 7,625,000 | 7,646,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 919,000 | 1,816,000 | 2,727,000 | 3,598,000 |
| Interest expense | 144,000 | 267,000 | 386,000 | 496,000 |
| Net interest income | 775,000 | 1,549,000 | 2,341,000 | 3,102,000 |
| Noninterest income | 66,000 | 152,000 | 257,000 | 382,000 |
| Noninterest expense | 468,000 | 946,000 | 1,402,000 | 1,914,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 495,000 |
| Pretax income | 253,000 | 515,000 | 836,000 | 1,075,000 |
| Income tax | 81,000 | 166,000 | 280,000 | 342,000 |
| Net income | 172,000 | 349,000 | 556,000 | 733,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,241,000 | 7,418,000 | 7,625,000 | 7,552,000 |
| Total capital | 7,914,000 | 8,080,000 | 8,303,000 | 8,222,000 |
| Risk-weighted assets | 52,965,000 | 53,032,000 | 53,260,000 | 52,811,000 |