Call reports 2024
UNITED MINNESOTA BANK — 2024
What UNITED MINNESOTA 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 | 48,036,000 | 49,630,000 | 48,886,000 | 49,763,000 |
| Total loans | 30,152,000 | 31,356,000 | 32,946,000 | 34,228,000 |
| Allowance for loan losses | 262,000 | 262,000 | 262,000 | 331,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 4,625,000 | 5,155,000 | 5,416,000 | 6,635,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,344,000 | 45,765,000 | 44,699,000 | 45,877,000 |
| Interest-bearing deposits | 29,331,000 | 30,631,000 | 28,824,000 | 29,761,000 |
| Noninterest-bearing deposits | 15,013,000 | 15,134,000 | 15,875,000 | 16,116,000 |
| Equity capital | 3,489,000 | 3,727,000 | 4,009,000 | 3,695,000 |
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 | 582,000 | 1,190,000 | 1,840,000 | 2,503,000 |
| Interest expense | 72,000 | 148,000 | 227,000 | 302,000 |
| Net interest income | 510,000 | 1,042,000 | 1,613,000 | 2,201,000 |
| Noninterest income | 23,000 | 49,000 | 77,000 | 108,000 |
| Noninterest expense | 287,000 | 568,000 | 846,000 | 1,571,000 |
| Provision for loan losses | 0 | 0 | 0 | 170,000 |
| Pretax income | 246,000 | 523,000 | 844,000 | 568,000 |
| Income tax | 40,000 | 79,000 | 118,000 | 166,000 |
| Net income | 206,000 | 444,000 | 726,000 | 402,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,489,000 | 3,727,000 | 4,009,000 | 3,695,000 |
| Total capital | 3,751,000 | 3,989,000 | 4,271,000 | 4,026,000 |
| Risk-weighted assets | 25,101,000 | 26,173,000 | 27,158,000 | 28,230,000 |