Call reports 2011
GRAND MARAIS STATE BANK — 2011
What GRAND MARAIS STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 67,710,000 | 69,742,000 | 77,810,000 | 73,990,000 |
| Total loans | 44,443,000 | 45,851,000 | 44,530,000 | 44,162,000 |
| Allowance for loan losses | 407,000 | 432,000 | 429,000 | 410,000 |
| Securities available for sale | 18,546,000 | 18,832,000 | 19,899,000 | 24,674,000 |
| Securities held to maturity | 205,000 | 187,000 | 182,000 | 127,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,556,000 | 61,299,000 | 71,798,000 | 66,047,000 |
| Interest-bearing deposits | 44,426,000 | 44,654,000 | 50,977,000 | 48,532,000 |
| Noninterest-bearing deposits | 16,130,000 | 16,645,000 | 20,821,000 | 17,515,000 |
| Equity capital | 5,433,000 | 5,742,000 | 5,837,000 | 5,889,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 806,000 | 1,664,000 | 2,486,000 | 3,293,000 |
| Interest expense | 111,000 | 212,000 | 305,000 | 385,000 |
| Net interest income | 695,000 | 1,452,000 | 2,181,000 | 2,908,000 |
| Noninterest income | 149,000 | 305,000 | 444,000 | 573,000 |
| Noninterest expense | 501,000 | 1,022,000 | 1,537,000 | 2,133,000 |
| Provision for loan losses | 25,000 | 50,000 | 50,000 | 50,000 |
| Pretax income | 318,000 | 685,000 | 1,038,000 | 1,298,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 318,000 | 685,000 | 1,038,000 | 1,298,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,673,000 | 5,692,000 | 5,716,000 | 5,776,000 |
| Total capital | 6,080,000 | 6,124,000 | 6,145,000 | 6,186,000 |
| Risk-weighted assets | 40,366,000 | 41,158,000 | 41,583,000 | 40,947,000 |