Call reports 2008
NORTHLAND NATIONAL BANK — 2008
What NORTHLAND NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 90,779,000 | 88,033,000 | 81,305,000 | 78,093,000 |
| Total loans | 40,069,000 | 37,776,000 | 33,329,000 | 32,732,000 |
| Allowance for loan losses | 845,000 | 1,246,000 | 1,337,000 | 1,368,000 |
| Securities available for sale | 34,307,000 | 38,669,000 | 40,838,000 | 39,228,000 |
| Securities held to maturity | 8,410,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,785,000 | 75,776,000 | 71,287,000 | 68,208,000 |
| Interest-bearing deposits | 71,506,000 | 68,654,000 | 65,293,000 | 62,732,000 |
| Noninterest-bearing deposits | 6,279,000 | 7,122,000 | 5,994,000 | 5,476,000 |
| Equity capital | 9,751,000 | 8,911,000 | 8,158,000 | 7,953,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,252,000 | 2,485,000 | 3,588,000 | 4,603,000 |
| Interest expense | 811,000 | 1,606,000 | 2,342,000 | 3,045,000 |
| Net interest income | 441,000 | 879,000 | 1,246,000 | 1,558,000 |
| Noninterest income | 70,000 | 141,000 | 216,000 | -348,000 |
| Noninterest expense | 488,000 | 1,065,000 | 2,245,000 | 2,337,000 |
| Provision for loan losses | 505,000 | 1,355,000 | 1,736,000 | 1,912,000 |
| Pretax income | -482,000 | -1,171,000 | -2,290,000 | -2,810,000 |
| Income tax | 0 | -423,000 | -737,000 | -737,000 |
| Net income | -482,000 | -748,000 | -1,553,000 | -2,073,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,969,000 | 8,703,000 | 7,898,000 | 7,378,000 |
| Total capital | 9,578,000 | 9,228,000 | 8,400,000 | 7,874,000 |
| Risk-weighted assets | 48,470,000 | 42,756,000 | 40,178,000 | 39,646,000 |
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