Call reports 2020
GOGEBIC RANGE BANK — 2020
What GOGEBIC RANGE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 123,967,000 | 138,747,000 | 150,266,000 | 149,909,000 |
| Total loans | 72,589,000 | 82,263,000 | 78,902,000 | 75,507,000 |
| Allowance for loan losses | 1,043,000 | 1,237,000 | 1,274,000 | 1,332,000 |
| Securities available for sale | 16,172,000 | 12,796,000 | 11,471,000 | 8,839,000 |
| Securities held to maturity | 10,301,000 | 15,294,000 | 17,632,000 | 25,676,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,697,000 | 121,949,000 | 134,841,000 | 134,521,000 |
| Interest-bearing deposits | 89,705,000 | 95,964,000 | 105,922,000 | 104,270,000 |
| Noninterest-bearing deposits | 19,992,000 | 25,985,000 | 28,919,000 | 30,251,000 |
| Equity capital | 13,852,000 | 14,157,000 | 14,896,000 | 14,792,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,327,000 | 2,626,000 | 4,359,000 | 5,578,000 |
| Interest expense | 150,000 | 286,000 | 410,000 | 512,000 |
| Net interest income | 1,177,000 | 2,340,000 | 3,949,000 | 5,066,000 |
| Noninterest income | 95,000 | 204,000 | 365,000 | 499,000 |
| Noninterest expense | 877,000 | 1,727,000 | 2,649,000 | 3,534,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 335,000 | 697,000 | 1,485,000 | 1,791,000 |
| Income tax | 49,000 | 97,000 | 225,000 | 263,000 |
| Net income | 286,000 | 600,000 | 1,260,000 | 1,528,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,070,000 | 13,421,000 | 14,119,000 | 14,160,000 |