Call reports 2015
GOGEBIC RANGE BANK — 2015
What GOGEBIC RANGE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 68,774,000 | 67,494,000 | 66,981,000 | 69,225,000 |
| Total loans | 47,838,000 | 49,697,000 | 48,132,000 | 49,149,000 |
| Allowance for loan losses | 953,000 | 1,043,000 | 1,133,000 | 1,024,000 |
| Securities available for sale | 7,001,000 | 6,478,000 | 6,664,000 | 6,566,000 |
| Securities held to maturity | 4,766,000 | 6,299,000 | 6,294,000 | 6,114,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,043,000 | 58,782,000 | 57,995,000 | 60,178,000 |
| Interest-bearing deposits | 48,563,000 | 47,531,000 | 47,758,000 | 47,603,000 |
| Noninterest-bearing deposits | 11,481,000 | 11,251,000 | 10,237,000 | 12,575,000 |
| Equity capital | 8,552,000 | 8,566,000 | 8,896,000 | 8,051,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 832,000 | 1,658,000 | 2,505,000 | 3,336,000 |
| Interest expense | 82,000 | 156,000 | 228,000 | 300,000 |
| Net interest income | 750,000 | 1,502,000 | 2,277,000 | 3,036,000 |
| Noninterest income | 69,000 | 132,000 | 216,000 | 279,000 |
| Noninterest expense | 487,000 | 986,000 | 1,462,000 | 1,953,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 242,000 | 468,000 | 761,000 | 1,002,000 |
| Income tax | 74,000 | 138,000 | 224,000 | 295,000 |
| Net income | 168,000 | 330,000 | 537,000 | 707,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,683,000 | 8,845,000 | 9,052,000 | 8,271,000 |
| Total capital | 9,342,000 | 9,522,000 | 9,714,000 | 8,949,000 |
| Risk-weighted assets | 52,465,000 | 53,831,000 | 52,380,000 | 53,829,000 |