Call reports 2005
GRAND MARAIS STATE BANK — 2005
What GRAND MARAIS STATE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 65,122,000 | 66,063,000 | 71,336,000 | 66,701,000 |
| Total loans | 46,346,000 | 48,964,000 | 47,742,000 | 48,264,000 |
| Allowance for loan losses | 344,000 | 364,000 | 370,000 | 370,000 |
| Securities available for sale | 13,368,000 | 11,395,000 | 13,887,000 | 12,348,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,710,000 | 55,021,000 | 60,959,000 | 55,959,000 |
| Interest-bearing deposits | 42,696,000 | 42,910,000 | 45,784,000 | 42,228,000 |
| Noninterest-bearing deposits | 12,014,000 | 12,111,000 | 15,175,000 | 13,731,000 |
| Equity capital | 5,182,000 | 5,101,000 | 5,123,000 | 5,314,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 856,000 | 1,759,000 | 2,702,000 | 3,672,000 |
| Interest expense | 217,000 | 455,000 | 715,000 | 984,000 |
| Net interest income | 639,000 | 1,304,000 | 1,987,000 | 2,688,000 |
| Noninterest income | 123,000 | 234,000 | 380,000 | 588,000 |
| Noninterest expense | 477,000 | 964,000 | 1,453,000 | 1,971,000 |
| Provision for loan losses | 10,000 | 30,000 | 35,000 | 35,000 |
| Pretax income | 275,000 | 544,000 | 879,000 | 1,270,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 275,000 | 544,000 | 879,000 | 1,270,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,315,000 | 5,208,000 | 5,217,000 | 5,408,000 |
| Total capital | 5,659,000 | 5,572,000 | 5,587,000 | 5,778,000 |
| Risk-weighted assets | 40,759,000 | 42,754,000 | 40,852,000 | 40,944,000 |
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