Call reports 2010
NORTHLAND NATIONAL BANK — 2010
What NORTHLAND NATIONAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 59,795,000 | 57,271,000 | 54,431,000 | 50,397,000 |
| Total loans | 22,164,000 | 26,785,000 | 26,615,000 | 25,489,000 |
| Allowance for loan losses | 1,203,000 | 1,193,000 | 864,000 | 932,000 |
| Securities available for sale | 25,631,000 | 21,495,000 | 18,306,000 | 16,042,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,969,000 | 49,457,000 | 47,894,000 | 44,262,000 |
| Interest-bearing deposits | 46,507,000 | 44,035,000 | 42,612,000 | 39,401,000 |
| Noninterest-bearing deposits | 5,462,000 | 5,422,000 | 5,282,000 | 4,861,000 |
| Equity capital | 6,555,000 | 5,721,000 | 5,507,000 | 5,199,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 521,000 | 1,063,000 | 1,611,000 | 2,127,000 |
| Interest expense | 383,000 | 739,000 | 1,112,000 | 1,400,000 |
| Net interest income | 138,000 | 324,000 | 499,000 | 727,000 |
| Noninterest income | 24,000 | 64,000 | 182,000 | 215,000 |
| Noninterest expense | 601,000 | 1,517,000 | 2,126,000 | 2,679,000 |
| Provision for loan losses | 180,000 | 360,000 | 505,000 | 565,000 |
| Pretax income | -619,000 | -1,489,000 | -1,950,000 | -2,302,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -619,000 | -1,489,000 | -1,950,000 | -2,302,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,062,000 | 5,192,000 | 4,996,000 | 4,714,000 |
| Total capital | 6,440,000 | 5,600,000 | 5,354,000 | 5,069,000 |
| Risk-weighted assets | 29,424,000 | 31,834,000 | 30,066,000 | 28,091,000 |