Call reports 2022
GOGEBIC RANGE BANK — 2022
What GOGEBIC RANGE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 155,485,000 | 152,904,000 | 156,416,000 | 153,523,000 |
| Total loans | 57,089,000 | 57,255,000 | 57,025,000 | 56,746,000 |
| Allowance for loan losses | 1,513,000 | 1,512,000 | 1,511,000 | 1,491,000 |
| Securities available for sale | 50,998,000 | 52,380,000 | 58,707,000 | 61,764,000 |
| Securities held to maturity | 21,314,000 | 21,016,000 | 20,421,000 | 20,247,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,134,000 | 141,905,000 | 147,074,000 | 142,979,000 |
| Interest-bearing deposits | 103,758,000 | 102,140,000 | 103,715,000 | 106,345,000 |
| Noninterest-bearing deposits | 40,376,000 | 39,765,000 | 43,359,000 | 36,634,000 |
| Equity capital | 10,744,000 | 10,350,000 | 8,703,000 | 7,842,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,141,000 | 2,360,000 | 3,626,000 | 5,011,000 |
| Interest expense | 41,000 | 77,000 | 112,000 | 163,000 |
| Net interest income | 1,100,000 | 2,283,000 | 3,514,000 | 4,848,000 |
| Noninterest income | 121,000 | 275,000 | 411,000 | 491,000 |
| Noninterest expense | 883,000 | 1,854,000 | 2,783,000 | 3,764,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 338,000 | 704,000 | 1,142,000 | 1,625,000 |
| Income tax | 55,000 | 113,000 | 180,000 | 256,000 |
| Net income | 283,000 | 591,000 | 962,000 | 1,369,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,394,000 | 15,003,000 | 15,424,000 | 14,649,000 |