Call reports 2021
LAKE AREA BANK — 2021
What LAKE AREA BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 441,020,000 | 438,392,000 | 437,729,000 | 423,563,000 |
| Total loans | 281,567,000 | 291,201,000 | 282,346,000 | 249,183,000 |
| Allowance for loan losses | 3,056,000 | 3,058,000 | 3,119,000 | 2,870,000 |
| Securities available for sale | 103,809,000 | 114,204,000 | 117,255,000 | 74,051,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 349,140,000 | 344,347,000 | 360,310,000 | 354,069,000 |
| Interest-bearing deposits | 245,266,000 | 246,408,000 | 253,958,000 | 256,747,000 |
| Noninterest-bearing deposits | 103,874,000 | 97,939,000 | 106,352,000 | 97,322,000 |
| Equity capital | 49,014,000 | 52,387,000 | 54,378,000 | 54,479,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 4,502,000 | 8,386,000 | 12,287,000 | 16,077,000 |
| Interest expense | 290,000 | 527,000 | 718,000 | 897,000 |
| Net interest income | 4,212,000 | 7,859,000 | 11,569,000 | 15,180,000 |
| Noninterest income | 7,189,000 | 13,904,000 | 21,380,000 | 26,746,000 |
| Noninterest expense | 8,897,000 | 16,551,000 | 24,129,000 | 32,553,000 |
| Provision for loan losses | 100,000 | 100,000 | 100,000 | -150,000 |
| Pretax income | 2,906,000 | 5,614,000 | 9,222,000 | 12,424,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,906,000 | 5,614,000 | 9,222,000 | 12,424,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,562,000 | 46,429,000 | 48,496,000 | 51,701,000 |
| Total capital | 47,618,000 | 49,487,000 | 51,615,000 | 54,571,000 |
| Risk-weighted assets | 394,230,000 | 376,751,000 | 389,422,000 | 383,828,000 |