Call reports 2017
GOGEBIC RANGE BANK — 2017
What GOGEBIC RANGE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 72,992,000 | 129,321,000 | 126,988,000 | 126,429,000 |
| Total loans | 54,990,000 | 77,020,000 | 77,833,000 | 77,089,000 |
| Allowance for loan losses | 954,000 | 968,000 | 1,034,000 | 1,013,000 |
| Securities available for sale | 274,000 | 24,500,000 | 21,486,000 | 18,990,000 |
| Securities held to maturity | 11,296,000 | 8,623,000 | 8,617,000 | 12,982,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,899,000 | 115,299,000 | 113,104,000 | 111,751,000 |
| Interest-bearing deposits | 51,941,000 | 82,090,000 | 94,964,000 | 93,000,000 |
| Noninterest-bearing deposits | 11,958,000 | 33,209,000 | 18,140,000 | 18,751,000 |
| Equity capital | 8,532,000 | 13,506,000 | 13,556,000 | 12,988,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 901,000 | 2,324,000 | 3,848,000 | 5,192,000 |
| Interest expense | 69,000 | 214,000 | 378,000 | 390,000 |
| Net interest income | 832,000 | 2,110,000 | 3,470,000 | 4,802,000 |
| Noninterest income | 57,000 | 140,000 | 231,000 | 353,000 |
| Noninterest expense | 530,000 | 1,314,000 | 2,047,000 | 2,993,000 |
| Provision for loan losses | 0 | 36,000 | 77,000 | 116,000 |
| Pretax income | 359,000 | 915,000 | 1,593,000 | 2,062,000 |
| Income tax | 109,000 | 216,000 | 450,000 | 382,000 |
| Net income | 250,000 | 699,000 | 1,143,000 | 1,680,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,549,000 | 12,594,000 | 12,700,000 | 12,216,000 |
| Total capital | 9,289,000 | 13,562,000 | 13,732,000 | 13,229,000 |
| Risk-weighted assets | 58,866,000 | 85,908,000 | 86,741,000 | 87,506,000 |