Call reports 2015
GRAND MARAIS STATE BANK — 2015
What GRAND MARAIS STATE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 81,087,000 | 82,031,000 | 86,942,000 | 86,498,000 |
| Total loans | 44,195,000 | 47,474,000 | 45,477,000 | 46,058,000 |
| Allowance for loan losses | 476,000 | 467,000 | 467,000 | 467,000 |
| Securities available for sale | 28,242,000 | 30,200,000 | 30,307,000 | 32,156,000 |
| Securities held to maturity | 356,000 | 356,000 | 356,000 | 358,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,879,000 | 75,934,000 | 80,710,000 | 80,335,000 |
| Interest-bearing deposits | 53,971,000 | 54,271,000 | 55,453,000 | 54,108,000 |
| Noninterest-bearing deposits | 20,908,000 | 21,663,000 | 25,257,000 | 26,227,000 |
| Equity capital | 6,090,000 | 5,995,000 | 6,092,000 | 6,066,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 705,000 | 1,433,000 | 2,160,000 | 2,903,000 |
| Interest expense | 54,000 | 105,000 | 161,000 | 213,000 |
| Net interest income | 651,000 | 1,328,000 | 1,999,000 | 2,690,000 |
| Noninterest income | 86,000 | 170,000 | 245,000 | 317,000 |
| Noninterest expense | 488,000 | 988,000 | 1,475,000 | 2,161,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 249,000 | 510,000 | 769,000 | 846,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 249,000 | 510,000 | 769,000 | 846,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,189,000 | 6,134,000 | 6,118,000 | 6,194,000 |
| Total capital | 6,189,000 | 6,601,000 | 6,585,000 | 6,661,000 |
| Risk-weighted assets | 43,228,000 | 44,759,000 | 42,986,000 | 42,796,000 |