Call reports 2014
GRAND MARAIS STATE BANK — 2014
What GRAND MARAIS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 79,034,000 | 84,976,000 | 86,027,000 | 83,012,000 |
| Total loans | 47,599,000 | 43,162,000 | 43,739,000 | 46,002,000 |
| Allowance for loan losses | 430,000 | 429,000 | 480,000 | 480,000 |
| Securities available for sale | 26,899,000 | 30,955,000 | 35,844,000 | 32,322,000 |
| Securities held to maturity | 0 | 0 | 406,000 | 356,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,295,000 | 79,292,000 | 80,199,000 | 73,592,000 |
| Interest-bearing deposits | 52,017,000 | 56,367,000 | 56,045,000 | 51,606,000 |
| Noninterest-bearing deposits | 21,278,000 | 22,925,000 | 24,154,000 | 21,986,000 |
| Equity capital | 5,620,000 | 5,593,000 | 5,700,000 | 5,929,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 717,000 | 1,407,000 | 2,130,000 | 2,873,000 |
| Interest expense | 56,000 | 112,000 | 172,000 | 228,000 |
| Net interest income | 661,000 | 1,295,000 | 1,958,000 | 2,645,000 |
| Noninterest income | 89,000 | 188,000 | 261,000 | 344,000 |
| Noninterest expense | 494,000 | 981,000 | 1,480,000 | 2,052,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 256,000 | 502,000 | 739,000 | 937,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 256,000 | 502,000 | 739,000 | 937,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,025,000 | 5,934,000 | 6,069,000 | 6,066,000 |
| Total capital | 6,455,000 | 6,363,000 | 6,549,000 | 6,546,000 |
| Risk-weighted assets | 44,739,000 | 43,363,000 | 44,459,000 | 45,869,000 |