Call reports 2006
GRAND MARAIS STATE BANK — 2006
What GRAND MARAIS STATE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 66,112,000 | 65,543,000 | 64,186,000 | 63,549,000 |
| Total loans | 48,324,000 | 49,849,000 | 47,340,000 | 47,633,000 |
| Allowance for loan losses | 370,000 | 385,000 | 385,000 | 390,000 |
| Securities available for sale | 9,774,000 | 9,880,000 | 8,093,000 | 7,713,000 |
| Securities held to maturity | 0 | 0 | 0 | 320,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,516,000 | 52,803,000 | 55,542,000 | 54,888,000 |
| Interest-bearing deposits | 41,763,000 | 40,359,000 | 41,936,000 | 42,082,000 |
| Noninterest-bearing deposits | 13,753,000 | 12,444,000 | 13,606,000 | 12,806,000 |
| Equity capital | 5,288,000 | 5,236,000 | 5,307,000 | 5,358,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 945,000 | 1,895,000 | 2,911,000 | 3,946,000 |
| Interest expense | 255,000 | 564,000 | 889,000 | 1,229,000 |
| Net interest income | 690,000 | 1,331,000 | 2,022,000 | 2,717,000 |
| Noninterest income | 102,000 | 222,000 | 346,000 | 457,000 |
| Noninterest expense | 503,000 | 975,000 | 1,460,000 | 1,983,000 |
| Provision for loan losses | 0 | 15,000 | 15,000 | 20,000 |
| Pretax income | 289,000 | 563,000 | 893,000 | 1,171,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 289,000 | 563,000 | 893,000 | 1,171,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,363,000 | 5,266,000 | 5,273,000 | 5,351,000 |
| Total capital | 5,733,000 | 5,651,000 | 5,658,000 | 5,741,000 |
| Risk-weighted assets | 41,565,000 | 42,726,000 | 40,813,000 | 40,767,000 |
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