Call reports 2019
GRAND MARAIS STATE BANK — 2019
What GRAND MARAIS STATE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 88,400,000 | 89,699,000 | 96,519,000 | 90,163,000 |
| Total loans | 52,824,000 | 55,406,000 | 55,134,000 | 55,651,000 |
| Allowance for loan losses | 532,000 | 532,000 | 532,000 | 520,000 |
| Securities available for sale | 31,367,000 | 27,558,000 | 33,285,000 | 31,000,000 |
| Securities held to maturity | 422,000 | 422,000 | 422,000 | 322,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,156,000 | 82,649,000 | 89,264,000 | 82,081,000 |
| Interest-bearing deposits | 51,007,000 | 54,900,000 | 58,460,000 | 56,622,000 |
| Noninterest-bearing deposits | 25,149,000 | 27,749,000 | 30,804,000 | 25,459,000 |
| Equity capital | 6,814,000 | 6,957,000 | 7,104,000 | 7,243,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 828,000 | 1,721,000 | 2,647,000 | 3,573,000 |
| Interest expense | 70,000 | 142,000 | 200,000 | 260,000 |
| Net interest income | 758,000 | 1,579,000 | 2,447,000 | 3,313,000 |
| Noninterest income | 81,000 | 163,000 | 241,000 | 313,000 |
| Noninterest expense | 521,000 | 1,040,000 | 1,547,000 | 2,181,000 |
| Provision for loan losses | 0 | 16,000 | 16,000 | 16,000 |
| Pretax income | 318,000 | 686,000 | 1,125,000 | 1,429,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 318,000 | 686,000 | 1,125,000 | 1,429,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,050,000 | 7,002,000 | 7,105,000 | 7,208,000 |
| Total capital | 7,582,000 | 7,534,000 | 7,637,000 | 7,728,000 |
| Risk-weighted assets | 48,375,000 | 51,143,000 | 49,884,000 | 50,078,000 |