Call reports 2013
GRAND MARAIS STATE BANK — 2013
What GRAND MARAIS STATE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 77,072,000 | 76,205,000 | 81,048,000 | 81,243,000 |
| Total loans | 43,501,000 | 44,166,000 | 42,065,000 | 47,881,000 |
| Allowance for loan losses | 410,000 | 409,000 | 409,000 | 429,000 |
| Securities available for sale | 27,066,000 | 26,832,000 | 28,560,000 | 26,739,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,926,000 | 70,468,000 | 75,879,000 | 75,859,000 |
| Interest-bearing deposits | 47,859,000 | 48,582,000 | 50,928,000 | 51,531,000 |
| Noninterest-bearing deposits | 23,067,000 | 21,886,000 | 24,951,000 | 24,328,000 |
| Equity capital | 6,013,000 | 5,639,000 | 5,038,000 | 5,288,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 747,000 | 1,497,000 | 2,202,000 | 2,947,000 |
| Interest expense | 57,000 | 115,000 | 174,000 | 230,000 |
| Net interest income | 690,000 | 1,382,000 | 2,028,000 | 2,717,000 |
| Noninterest income | 139,000 | 268,000 | 404,000 | 483,000 |
| Noninterest expense | 497,000 | 1,017,000 | 1,506,000 | 2,080,000 |
| Provision for loan losses | 0 | 0 | 0 | 20,000 |
| Pretax income | 332,000 | 633,000 | 926,000 | 1,100,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 332,000 | 633,000 | 926,000 | 1,100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,894,000 | 5,755,000 | 5,917,000 | 5,891,000 |
| Total capital | 6,304,000 | 6,164,000 | 6,326,000 | 6,320,000 |
| Risk-weighted assets | 40,461,000 | 40,795,000 | 40,501,000 | 44,859,000 |