Call reports 2018
GRAND MARAIS STATE BANK — 2018
What GRAND MARAIS STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 89,566,000 | 91,078,000 | 90,028,000 | 87,973,000 |
| Total loans | 52,011,000 | 53,120,000 | 52,338,000 | 52,850,000 |
| Allowance for loan losses | 492,000 | 502,000 | 532,000 | 532,000 |
| Securities available for sale | 33,313,000 | 33,129,000 | 31,127,000 | 31,325,000 |
| Securities held to maturity | 473,000 | 473,000 | 473,000 | 422,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,770,000 | 78,807,000 | 83,558,000 | 79,181,000 |
| Interest-bearing deposits | 54,683,000 | 54,033,000 | 55,314,000 | 54,519,000 |
| Noninterest-bearing deposits | 23,087,000 | 24,774,000 | 28,244,000 | 24,662,000 |
| Equity capital | 6,430,000 | 6,339,000 | 6,356,000 | 6,701,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 777,000 | 1,604,000 | 2,450,000 | 3,364,000 |
| Interest expense | 56,000 | 133,000 | 182,000 | 229,000 |
| Net interest income | 721,000 | 1,471,000 | 2,268,000 | 3,135,000 |
| Noninterest income | 83,000 | 158,000 | 227,000 | 284,000 |
| Noninterest expense | 464,000 | 944,000 | 1,439,000 | 1,999,000 |
| Provision for loan losses | 0 | 10,000 | 40,000 | 40,000 |
| Pretax income | 340,000 | 675,000 | 1,016,000 | 1,380,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 340,000 | 675,000 | 1,016,000 | 1,380,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,005,000 | 6,933,000 | 6,936,000 | 7,101,000 |
| Total capital | 7,497,000 | 7,435,000 | 7,468,000 | 7,633,000 |
| Risk-weighted assets | 48,794,000 | 49,840,000 | 49,138,000 | 48,386,000 |