Call reports 2019
GOGEBIC RANGE BANK — 2019
What GOGEBIC RANGE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 127,657,000 | 125,313,000 | 125,058,000 | 123,334,000 |
| Total loans | 74,948,000 | 74,915,000 | 77,326,000 | 74,168,000 |
| Allowance for loan losses | 968,000 | 1,027,000 | 947,000 | 974,000 |
| Securities available for sale | 16,286,000 | 14,147,000 | 12,730,000 | 16,591,000 |
| Securities held to maturity | 13,734,000 | 14,292,000 | 18,308,000 | 17,076,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 113,877,000 | 110,908,000 | 110,679,000 | 107,211,000 |
| Interest-bearing deposits | 94,007,000 | 90,201,000 | 90,753,000 | 87,366,000 |
| Noninterest-bearing deposits | 19,870,000 | 20,707,000 | 19,926,000 | 19,845,000 |
| Equity capital | 13,374,000 | 13,693,000 | 14,029,000 | 13,344,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,405,000 | 2,811,000 | 4,214,000 | 5,588,000 |
| Interest expense | 140,000 | 288,000 | 439,000 | 593,000 |
| Net interest income | 1,265,000 | 2,523,000 | 3,775,000 | 4,995,000 |
| Noninterest income | 99,000 | 222,000 | 336,000 | 481,000 |
| Noninterest expense | 889,000 | 1,829,000 | 2,726,000 | 3,527,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 415,000 | 796,000 | 1,205,000 | 1,793,000 |
| Income tax | 64,000 | 126,000 | 199,000 | 308,000 |
| Net income | 351,000 | 670,000 | 1,006,000 | 1,485,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,758,000 | 13,070,000 | 13,377,000 | 12,745,000 |
| Total capital | 13,726,000 | 14,097,000 | 14,324,000 | 13,719,000 |
| Risk-weighted assets | 85,522,000 | 84,664,000 | 86,741,000 | 83,545,000 |
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