Call reports 2023
GOGEBIC RANGE BANK — 2023
What GOGEBIC RANGE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 147,959,000 | 150,994,000 | 149,444,000 | 147,919,000 |
| Total loans | 55,541,000 | 59,047,000 | 58,382,000 | 56,765,000 |
| Allowance for loan losses | 1,495,000 | 1,501,000 | 1,502,000 | 1,509,000 |
| Securities available for sale | 61,257,000 | 60,456,000 | 58,237,000 | 61,383,000 |
| Securities held to maturity | 19,104,000 | 18,757,000 | 18,525,000 | 18,525,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 138,652,000 | 139,877,000 | 141,118,000 | 132,257,000 |
| Interest-bearing deposits | 101,941,000 | 105,303,000 | 104,427,000 | 100,456,000 |
| Noninterest-bearing deposits | 36,712,000 | 34,574,000 | 36,692,000 | 31,801,000 |
| Equity capital | 8,742,000 | 8,501,000 | 7,894,000 | 9,386,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,366,000 | 2,756,000 | 4,211,000 | 5,688,000 |
| Interest expense | 98,000 | 237,000 | 491,000 | 729,000 |
| Net interest income | 1,268,000 | 2,519,000 | 3,720,000 | 4,959,000 |
| Noninterest income | 104,000 | 210,000 | 369,000 | 471,000 |
| Noninterest expense | 973,000 | 2,025,000 | 2,976,000 | 3,980,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 410,000 | 724,000 | 1,134,000 | 1,472,000 |
| Income tax | 73,000 | 112,000 | 177,000 | 209,000 |
| Net income | 337,000 | 612,000 | 957,000 | 1,263,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,037,000 | 15,363,000 | 15,758,000 | 15,014,000 |