Call reports 2009
GRAND MARAIS STATE BANK — 2009
What GRAND MARAIS STATE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 62,197,000 | 62,853,000 | 64,857,000 | 65,090,000 |
| Total loans | 44,276,000 | 44,685,000 | 42,756,000 | 43,558,000 |
| Allowance for loan losses | 447,000 | 432,000 | 433,000 | 433,000 |
| Securities available for sale | 11,748,000 | 11,732,000 | 11,690,000 | 13,158,000 |
| Securities held to maturity | 395,000 | 395,000 | 375,000 | 325,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,192,000 | 56,888,000 | 59,007,000 | 59,231,000 |
| Interest-bearing deposits | 41,963,000 | 41,658,000 | 35,987,000 | 44,430,000 |
| Noninterest-bearing deposits | 13,229,000 | 15,230,000 | 23,020,000 | 14,801,000 |
| Equity capital | 5,661,000 | 5,661,000 | 5,577,000 | 5,655,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 868,000 | 1,748,000 | 2,604,000 | 3,435,000 |
| Interest expense | 159,000 | 315,000 | 455,000 | 588,000 |
| Net interest income | 709,000 | 1,433,000 | 2,149,000 | 2,847,000 |
| Noninterest income | 132,000 | 245,000 | 352,000 | 474,000 |
| Noninterest expense | 520,000 | 1,018,000 | 1,495,000 | 2,070,000 |
| Provision for loan losses | 20,000 | 40,000 | 40,000 | 40,000 |
| Pretax income | 301,000 | 620,000 | 966,000 | 1,211,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 301,000 | 620,000 | 966,000 | 1,211,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,463,000 | 5,467,000 | 5,413,000 | 5,559,000 |
| Total capital | 5,910,000 | 5,899,000 | 5,846,000 | 5,992,000 |
| Risk-weighted assets | 37,651,000 | 37,759,000 | 36,942,000 | 37,842,000 |
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