Call reports 2013
GOGEBIC RANGE BANK — 2013
What GOGEBIC RANGE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 65,950,000 | 63,944,000 | 65,677,000 | 64,641,000 |
| Total loans | 47,277,000 | 46,752,000 | 47,255,000 | 47,963,000 |
| Allowance for loan losses | 738,000 | 787,000 | 893,000 | 933,000 |
| Securities available for sale | 10,357,000 | 11,932,000 | 12,205,000 | 11,094,000 |
| Securities held to maturity | 250,000 | 250,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,648,000 | 55,503,000 | 57,045,000 | 56,654,000 |
| Interest-bearing deposits | 49,669,000 | 47,872,000 | 49,136,000 | 46,796,000 |
| Noninterest-bearing deposits | 7,979,000 | 7,631,000 | 7,909,000 | 9,858,000 |
| Equity capital | 7,834,000 | 8,003,000 | 8,213,000 | 7,310,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 845,000 | 1,665,000 | 2,500,000 | 3,337,000 |
| Interest expense | 99,000 | 195,000 | 283,000 | 369,000 |
| Net interest income | 746,000 | 1,470,000 | 2,217,000 | 2,968,000 |
| Noninterest income | 92,000 | 199,000 | 320,000 | 414,000 |
| Noninterest expense | 467,000 | 951,000 | 1,411,000 | 1,912,000 |
| Provision for loan losses | 105,000 | 210,000 | 315,000 | 420,000 |
| Pretax income | 271,000 | 513,000 | 816,000 | 1,055,000 |
| Income tax | 83,000 | 156,000 | 249,000 | 320,000 |
| Net income | 188,000 | 357,000 | 567,000 | 735,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,740,000 | 7,909,000 | 8,119,000 | 8,037,000 |
| Total capital | 8,399,000 | 8,560,000 | 8,777,000 | 8,691,000 |
| Risk-weighted assets | 51,913,000 | 51,149,000 | 51,682,000 | 52,375,000 |
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