Call reports 2024
GOGEBIC RANGE BANK — 2024
What GOGEBIC RANGE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 150,080,000 | 146,083,000 | 147,283,000 | 142,462,000 |
| Total loans | 58,078,000 | 59,737,000 | 57,877,000 | 59,687,000 |
| Allowance for loan losses | 1,501,000 | 1,494,000 | 1,492,000 | 1,488,000 |
| Securities available for sale | 58,136,000 | 57,470,000 | 55,697,000 | 54,401,000 |
| Securities held to maturity | 17,798,000 | 17,304,000 | 17,303,000 | 16,643,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 140,099,000 | 132,068,000 | 132,875,000 | 127,651,000 |
| Interest-bearing deposits | 108,348,000 | 100,897,000 | 98,264,000 | 94,561,000 |
| Noninterest-bearing deposits | 31,751,000 | 31,171,000 | 34,611,000 | 33,090,000 |
| Equity capital | 9,425,000 | 9,756,000 | 11,586,000 | 11,289,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,494,000 | 3,002,000 | 4,515,000 | 6,046,000 |
| Interest expense | 359,000 | 716,000 | 1,102,000 | 1,382,000 |
| Net interest income | 1,135,000 | 2,286,000 | 3,413,000 | 4,664,000 |
| Noninterest income | 98,000 | 209,000 | 333,000 | 470,000 |
| Noninterest expense | 988,000 | 2,032,000 | 2,961,000 | 3,959,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 267,000 | 475,000 | 800,000 | 1,190,000 |
| Income tax | 45,000 | 79,000 | 133,000 | 200,000 |
| Net income | 222,000 | 396,000 | 667,000 | 990,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,287,000 | 15,481,000 | 15,755,000 | 15,214,000 |
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