Call reports 2021
GOGEBIC RANGE BANK — 2021
What GOGEBIC RANGE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 155,842,000 | 154,183,000 | 158,628,000 | 153,712,000 |
| Total loans | 71,429,000 | 70,698,000 | 61,453,000 | 59,635,000 |
| Allowance for loan losses | 1,374,000 | 1,429,000 | 1,480,000 | 1,532,000 |
| Securities available for sale | 18,415,000 | 28,170,000 | 31,458,000 | 49,397,000 |
| Securities held to maturity | 25,079,000 | 23,767,000 | 22,701,000 | 22,088,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,458,000 | 139,434,000 | 143,883,000 | 139,054,000 |
| Interest-bearing deposits | 108,631,000 | 106,892,000 | 107,917,000 | 103,247,000 |
| Noninterest-bearing deposits | 32,827,000 | 32,543,000 | 35,966,000 | 35,808,000 |
| Equity capital | 13,789,000 | 14,238,000 | 14,292,000 | 14,226,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,243,000 | 2,510,000 | 3,586,000 | 4,711,000 |
| Interest expense | 81,000 | 154,000 | 211,000 | 258,000 |
| Net interest income | 1,162,000 | 2,356,000 | 3,375,000 | 4,453,000 |
| Noninterest income | 161,000 | 302,000 | 451,000 | 569,000 |
| Noninterest expense | 815,000 | 1,700,000 | 2,621,000 | 3,527,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 537,000 | 942,000 | 1,147,000 | 1,392,000 |
| Income tax | 87,000 | 152,000 | 181,000 | 216,000 |
| Net income | 450,000 | 790,000 | 966,000 | 1,176,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,398,000 | 13,626,000 | 13,852,000 | 14,109,000 |