Call reports 2017
GRAND MARAIS STATE BANK — 2017
What GRAND MARAIS STATE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 87,886,000 | 93,284,000 | 94,650,000 | 88,257,000 |
| Total loans | 48,282,000 | 49,835,000 | 48,832,000 | 49,887,000 |
| Allowance for loan losses | 488,000 | 501,000 | 499,000 | 492,000 |
| Securities available for sale | 32,051,000 | 32,864,000 | 36,842,000 | 33,618,000 |
| Securities held to maturity | 520,000 | 640,000 | 748,000 | 704,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,562,000 | 86,979,000 | 88,041,000 | 81,571,000 |
| Interest-bearing deposits | 56,063,000 | 45,365,000 | 60,776,000 | 57,082,000 |
| Noninterest-bearing deposits | 25,499,000 | 41,614,000 | 27,265,000 | 24,489,000 |
| Equity capital | 6,213,000 | 6,221,000 | 6,492,000 | 6,595,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 751,000 | 1,528,000 | 2,350,000 | 3,145,000 |
| Interest expense | 51,000 | 98,000 | 148,000 | 196,000 |
| Net interest income | 700,000 | 1,430,000 | 2,202,000 | 2,949,000 |
| Noninterest income | 83,000 | 146,000 | 235,000 | 304,000 |
| Noninterest expense | 475,000 | 954,000 | 1,436,000 | 1,935,000 |
| Provision for loan losses | 0 | 12,000 | 12,000 | 12,000 |
| Pretax income | 285,000 | 587,000 | 966,000 | 1,283,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 285,000 | 587,000 | 966,000 | 1,283,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,605,000 | 6,494,000 | 6,714,000 | 7,031,000 |
| Total capital | 7,093,000 | 6,995,000 | 7,213,000 | 7,523,000 |
| Risk-weighted assets | 45,012,000 | 46,668,000 | 46,753,000 | 46,775,000 |