Call reports 2021
GRAND MARAIS STATE BANK — 2021
What GRAND MARAIS STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 120,994,000 | 127,128,000 | 131,299,000 | 133,976,000 |
| Total loans | 68,286,000 | 66,735,000 | 62,978,000 | 62,251,000 |
| Allowance for loan losses | 699,000 | 694,000 | 694,000 | 694,000 |
| Securities available for sale | 42,143,000 | 26,914,000 | 30,861,000 | 35,715,000 |
| Securities held to maturity | 4,214,000 | 19,102,000 | 29,853,000 | 29,621,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,823,000 | 118,749,000 | 122,721,000 | 125,285,000 |
| Interest-bearing deposits | 53,926,000 | 78,197,000 | 77,390,000 | 80,781,000 |
| Noninterest-bearing deposits | 58,897,000 | 40,552,000 | 45,331,000 | 44,504,000 |
| Equity capital | 8,015,000 | 8,248,000 | 8,424,000 | 8,546,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,120,000 | 2,097,000 | 2,996,000 | 3,900,000 |
| Interest expense | 33,000 | 66,000 | 98,000 | 130,000 |
| Net interest income | 1,087,000 | 2,031,000 | 2,898,000 | 3,770,000 |
| Noninterest income | 82,000 | 149,000 | 221,000 | 287,000 |
| Noninterest expense | 540,000 | 1,070,000 | 1,600,000 | 2,326,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 629,000 | 1,110,000 | 1,519,000 | 1,731,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 629,000 | 1,110,000 | 1,519,000 | 1,731,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,931,000 | 8,154,000 | 8,424,000 | 8,636,000 |
| Total capital | 8,630,000 | 8,809,000 | 9,118,000 | 9,327,000 |
| Risk-weighted assets | 62,704,000 | 52,389,000 | 61,442,000 | 55,311,000 |