Call reports 2008
GRAND MARAIS STATE BANK — 2008
What GRAND MARAIS STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 61,312,000 | 63,032,000 | 64,876,000 | 64,648,000 |
| Total loans | 44,143,000 | 44,744,000 | 44,248,000 | 44,781,000 |
| Allowance for loan losses | 386,000 | 396,000 | 408,000 | 428,000 |
| Securities available for sale | 11,111,000 | 11,770,000 | 11,893,000 | 14,012,000 |
| Securities held to maturity | 478,000 | 485,000 | 465,000 | 415,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,508,000 | 55,958,000 | 59,104,000 | 57,944,000 |
| Interest-bearing deposits | 43,019,000 | 42,560,000 | 36,155,000 | 36,430,000 |
| Noninterest-bearing deposits | 12,489,000 | 13,398,000 | 22,949,000 | 21,514,000 |
| Equity capital | 5,488,000 | 5,319,000 | 5,464,000 | 5,802,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 945,000 | 1,902,000 | 2,823,000 | 3,725,000 |
| Interest expense | 255,000 | 479,000 | 681,000 | 853,000 |
| Net interest income | 690,000 | 1,423,000 | 2,142,000 | 2,872,000 |
| Noninterest income | 127,000 | 253,000 | 385,000 | 482,000 |
| Noninterest expense | 449,000 | 899,000 | 1,350,000 | 1,878,000 |
| Provision for loan losses | 0 | 10,000 | 30,000 | 50,000 |
| Pretax income | 368,000 | 767,000 | 1,147,000 | 1,426,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 368,000 | 767,000 | 1,147,000 | 1,426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,404,000 | 5,369,000 | 5,405,000 | 5,584,000 |
| Total capital | 5,790,000 | 5,765,000 | 5,813,000 | 6,012,000 |
| Risk-weighted assets | 38,368,000 | 39,254,000 | 38,781,000 | 41,489,000 |
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