Call reports 2014
GOGEBIC RANGE BANK — 2014
What GOGEBIC RANGE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 66,518,000 | 66,963,000 | 68,655,000 | 68,909,000 |
| Total loans | 49,328,000 | 49,852,000 | 48,522,000 | 48,735,000 |
| Allowance for loan losses | 779,000 | 949,000 | 851,000 | 906,000 |
| Securities available for sale | 7,227,000 | 7,154,000 | 7,172,000 | 6,808,000 |
| Securities held to maturity | 4,393,000 | 4,168,000 | 4,162,000 | 4,775,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,984,000 | 56,933,000 | 60,305,000 | 60,248,000 |
| Interest-bearing deposits | 46,297,000 | 47,594,000 | 50,455,000 | 49,495,000 |
| Noninterest-bearing deposits | 10,687,000 | 9,339,000 | 9,850,000 | 10,753,000 |
| Equity capital | 7,639,000 | 7,972,000 | 8,171,000 | 8,256,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 825,000 | 1,677,000 | 2,504,000 | 3,360,000 |
| Interest expense | 78,000 | 160,000 | 246,000 | 332,000 |
| Net interest income | 747,000 | 1,517,000 | 2,258,000 | 3,028,000 |
| Noninterest income | 106,000 | 207,000 | 325,000 | 418,000 |
| Noninterest expense | 491,000 | 998,000 | 1,484,000 | 1,985,000 |
| Provision for loan losses | 105,000 | 210,000 | 315,000 | 420,000 |
| Pretax income | 256,000 | 515,000 | 783,000 | 1,040,000 |
| Income tax | 78,000 | 154,000 | 235,000 | 312,000 |
| Net income | 178,000 | 361,000 | 548,000 | 728,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,215,000 | 8,398,000 | 8,585,000 | 8,515,000 |
| Total capital | 8,887,000 | 9,075,000 | 9,256,000 | 9,186,000 |
| Risk-weighted assets | 53,645,000 | 53,882,000 | 53,424,000 | 53,373,000 |
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