Call reports 2016
GOGEBIC RANGE BANK — 2016
What GOGEBIC RANGE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 70,073,000 | 68,888,000 | 71,050,000 | 74,384,000 |
| Total loans | 50,082,000 | 52,062,000 | 54,574,000 | 56,448,000 |
| Allowance for loan losses | 1,101,000 | 1,121,000 | 1,042,000 | 954,000 |
| Securities available for sale | 6,822,000 | 2,816,000 | 294,000 | 270,000 |
| Securities held to maturity | 5,666,000 | 8,042,000 | 10,134,000 | 11,451,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,534,000 | 59,008,000 | 62,247,000 | 62,374,000 |
| Interest-bearing deposits | 49,384,000 | 47,819,000 | 50,039,000 | 50,589,000 |
| Noninterest-bearing deposits | 12,150,000 | 11,189,000 | 12,208,000 | 11,785,000 |
| Equity capital | 8,347,000 | 8,506,000 | 8,695,000 | 8,279,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 842,000 | 1,702,000 | 2,561,000 | 3,443,000 |
| Interest expense | 65,000 | 132,000 | 195,000 | 264,000 |
| Net interest income | 777,000 | 1,570,000 | 2,366,000 | 3,179,000 |
| Noninterest income | 59,000 | 118,000 | 197,000 | 260,000 |
| Noninterest expense | 480,000 | 991,000 | 1,498,000 | 1,994,000 |
| Provision for loan losses | 75,000 | 125,000 | 125,000 | 125,000 |
| Pretax income | 281,000 | 572,000 | 940,000 | 1,320,000 |
| Income tax | 84,000 | 170,000 | 282,000 | 398,000 |
| Net income | 197,000 | 402,000 | 658,000 | 922,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,397,000 | 8,523,000 | 8,699,000 | 8,298,000 |
| Total capital | 9,083,000 | 9,222,000 | 9,429,000 | 9,052,000 |
| Risk-weighted assets | 54,478,000 | 55,564,000 | 58,147,000 | 60,115,000 |