Call reports 2016
GRAND MARAIS STATE BANK — 2016
What GRAND MARAIS STATE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 85,453,000 | 92,100,000 | 92,867,000 | 91,961,000 |
| Total loans | 47,781,000 | 46,987,000 | 47,464,000 | 47,314,000 |
| Allowance for loan losses | 483,000 | 489,000 | 489,000 | 489,000 |
| Securities available for sale | 30,444,000 | 32,482,000 | 38,117,000 | 39,939,000 |
| Securities held to maturity | 310,000 | 310,000 | 313,000 | 431,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,995,000 | 85,640,000 | 86,233,000 | 81,751,000 |
| Interest-bearing deposits | 54,610,000 | 57,078,000 | 56,651,000 | 57,270,000 |
| Noninterest-bearing deposits | 24,385,000 | 28,562,000 | 29,582,000 | 24,481,000 |
| Equity capital | 6,339,000 | 6,361,000 | 6,513,000 | 6,071,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 738,000 | 1,498,000 | 2,247,000 | 3,016,000 |
| Interest expense | 49,000 | 101,000 | 151,000 | 202,000 |
| Net interest income | 689,000 | 1,397,000 | 2,096,000 | 2,814,000 |
| Noninterest income | 85,000 | 155,000 | 260,000 | 334,000 |
| Noninterest expense | 479,000 | 1,068,000 | 1,593,000 | 2,199,000 |
| Provision for loan losses | 15,000 | 15,000 | 15,000 | 15,000 |
| Pretax income | 280,000 | 469,000 | 748,000 | 940,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 280,000 | 469,000 | 748,000 | 940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,222,000 | 6,201,000 | 6,405,000 | 6,596,000 |
| Total capital | 6,705,000 | 6,690,000 | 6,894,000 | 7,085,000 |
| Risk-weighted assets | 44,169,000 | 44,213,000 | 45,618,000 | 45,809,000 |