Call reports 2010
GRAND MARAIS STATE BANK — 2010
What GRAND MARAIS STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 65,386,000 | 65,046,000 | 71,920,000 | 68,785,000 |
| Total loans | 43,338,000 | 45,676,000 | 45,652,000 | 45,042,000 |
| Allowance for loan losses | 433,000 | 433,000 | 432,000 | 432,000 |
| Securities available for sale | 11,725,000 | 10,269,000 | 18,322,000 | 17,676,000 |
| Securities held to maturity | 304,000 | 304,000 | 282,000 | 227,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,486,000 | 59,240,000 | 66,027,000 | 63,366,000 |
| Interest-bearing deposits | 44,136,000 | 44,231,000 | 47,466,000 | 46,644,000 |
| Noninterest-bearing deposits | 15,350,000 | 15,009,000 | 18,561,000 | 16,722,000 |
| Equity capital | 5,699,000 | 5,621,000 | 5,687,000 | 5,264,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 807,000 | 1,635,000 | 2,491,000 | 3,344,000 |
| Interest expense | 133,000 | 268,000 | 403,000 | 523,000 |
| Net interest income | 674,000 | 1,367,000 | 2,088,000 | 2,821,000 |
| Noninterest income | 119,000 | 240,000 | 370,000 | 511,000 |
| Noninterest expense | 470,000 | 980,000 | 1,479,000 | 2,050,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 323,000 | 627,000 | 979,000 | 1,282,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 323,000 | 627,000 | 979,000 | 1,282,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,640,000 | 5,558,000 | 5,592,000 | 5,695,000 |
| Total capital | 6,073,000 | 5,991,000 | 6,024,000 | 6,127,000 |
| Risk-weighted assets | 38,517,000 | 39,977,000 | 41,029,000 | 40,534,000 |
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