Call reports 2003
GRAND MARAIS STATE BANK — 2003
What GRAND MARAIS STATE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 64,144,000 | 68,153,000 | 73,370,000 | 67,706,000 |
| Total loans | 41,627,000 | 44,405,000 | 43,766,000 | 45,473,000 |
| Allowance for loan losses | 280,000 | 287,000 | 297,000 | 307,000 |
| Securities available for sale | 17,232,000 | 16,936,000 | 22,765,000 | 17,847,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,761,000 | 62,821,000 | 68,033,000 | 62,313,000 |
| Interest-bearing deposits | 49,292,000 | 51,892,000 | 54,843,000 | 49,925,000 |
| Noninterest-bearing deposits | 9,469,000 | 10,929,000 | 13,190,000 | 12,388,000 |
| Equity capital | 4,851,000 | 4,987,000 | 4,860,000 | 4,911,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 900,000 | 1,825,000 | 2,730,000 | 3,607,000 |
| Interest expense | 334,000 | 666,000 | 993,000 | 1,304,000 |
| Net interest income | 566,000 | 1,159,000 | 1,737,000 | 2,303,000 |
| Noninterest income | 93,000 | 225,000 | 368,000 | 610,000 |
| Noninterest expense | 362,000 | 770,000 | 1,162,000 | 1,598,000 |
| Provision for loan losses | 0 | 10,000 | 20,000 | 30,000 |
| Pretax income | 297,000 | 604,000 | 923,000 | 1,285,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 297,000 | 604,000 | 923,000 | 1,285,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,777,000 | 4,902,000 | 4,800,000 | 4,862,000 |
| Total capital | 5,057,000 | 5,189,000 | 5,097,000 | 5,169,000 |
| Risk-weighted assets | 37,174,000 | 38,585,000 | 36,729,000 | 37,362,000 |
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