Call reports 2018
GOGEBIC RANGE BANK — 2018
What GOGEBIC RANGE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 125,828,000 | 122,400,000 | 122,730,000 | 122,310,000 |
| Total loans | 74,514,000 | 75,611,000 | 75,932,000 | 74,492,000 |
| Allowance for loan losses | 968,000 | 1,035,000 | 1,086,000 | 903,000 |
| Securities available for sale | 18,614,000 | 17,801,000 | 17,147,000 | 16,598,000 |
| Securities held to maturity | 14,322,000 | 14,090,000 | 14,553,000 | 14,071,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,075,000 | 107,989,000 | 108,160,000 | 106,826,000 |
| Interest-bearing deposits | 75,141,000 | 89,288,000 | 88,669,000 | 88,710,000 |
| Noninterest-bearing deposits | 36,934,000 | 18,701,000 | 19,491,000 | 18,116,000 |
| Equity capital | 13,333,000 | 13,693,000 | 14,152,000 | 13,023,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,420,000 | 2,836,000 | 4,304,000 | 5,733,000 |
| Interest expense | 86,000 | 237,000 | 375,000 | 511,000 |
| Net interest income | 1,334,000 | 2,599,000 | 3,929,000 | 5,222,000 |
| Noninterest income | 85,000 | 170,000 | 287,000 | 391,000 |
| Noninterest expense | 775,000 | 1,583,000 | 2,418,000 | 3,217,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 584,000 | 1,066,000 | 1,618,000 | 2,156,000 |
| Income tax | 97,000 | 176,000 | 269,000 | 361,000 |
| Net income | 487,000 | 890,000 | 1,349,000 | 1,795,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,522,000 | 12,962,000 | 13,458,000 | 12,351,000 |
| Total capital | 13,490,000 | 13,997,000 | 14,532,000 | 13,254,000 |
| Risk-weighted assets | 85,685,000 | 86,576,000 | 85,989,000 | 82,653,000 |