Call reports 2020
GRAND MARAIS STATE BANK — 2020
What GRAND MARAIS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 87,763,000 | 108,592,000 | 124,109,000 | 118,047,000 |
| Total loans | 58,320,000 | 66,474,000 | 66,075,000 | 64,894,000 |
| Allowance for loan losses | 550,000 | 600,000 | 600,000 | 700,000 |
| Securities available for sale | 26,108,000 | 31,362,000 | 38,331,000 | 44,367,000 |
| Securities held to maturity | 322,000 | 322,000 | 322,000 | 2,216,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,020,000 | 100,920,000 | 116,517,000 | 110,358,000 |
| Interest-bearing deposits | 53,254,000 | 45,053,000 | 53,633,000 | 73,911,000 |
| Noninterest-bearing deposits | 25,766,000 | 55,867,000 | 62,884,000 | 36,447,000 |
| Equity capital | 7,269,000 | 7,526,000 | 7,423,000 | 7,550,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 889,000 | 2,048,000 | 2,964,000 | 3,870,000 |
| Interest expense | 68,000 | 121,000 | 175,000 | 211,000 |
| Net interest income | 821,000 | 1,927,000 | 2,789,000 | 3,659,000 |
| Noninterest income | 89,000 | 148,000 | 223,000 | 288,000 |
| Noninterest expense | 545,000 | 1,079,000 | 1,628,000 | 2,321,000 |
| Provision for loan losses | 30,000 | 80,000 | 80,000 | 180,000 |
| Pretax income | 335,000 | 999,000 | 1,387,000 | 1,529,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 335,000 | 999,000 | 1,387,000 | 1,529,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,174,000 | 7,403,000 | 7,294,000 | 7,435,000 |
| Total capital | 7,724,000 | 8,003,000 | 7,894,000 | 8,099,000 |
| Risk-weighted assets | 51,734,000 | 50,332,000 | 50,925,000 | 53,113,000 |