Call reports 2022
GRAND MARAIS STATE BANK — 2022
What GRAND MARAIS STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 129,452,000 | 128,412,000 | 134,289,000 | 132,260,000 |
| Total loans | 62,402,000 | 64,552,000 | 66,908,000 | 69,371,000 |
| Allowance for loan losses | 694,000 | 694,000 | 694,000 | 694,000 |
| Securities available for sale | 33,601,000 | 28,115,000 | 27,127,000 | 27,571,000 |
| Securities held to maturity | 30,190,000 | 32,164,000 | 32,164,000 | 31,989,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,751,000 | 121,136,000 | 127,626,000 | 114,872,000 |
| Interest-bearing deposits | 79,560,000 | 78,594,000 | 79,205,000 | 69,866,000 |
| Noninterest-bearing deposits | 42,191,000 | 42,542,000 | 48,421,000 | 45,006,000 |
| Equity capital | 7,523,000 | 7,135,000 | 6,482,000 | 7,040,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 883,000 | 1,856,000 | 2,871,000 | 3,993,000 |
| Interest expense | 30,000 | 61,000 | 89,000 | 181,000 |
| Net interest income | 853,000 | 1,795,000 | 2,782,000 | 3,812,000 |
| Noninterest income | 64,000 | 136,000 | 213,000 | 268,000 |
| Noninterest expense | 560,000 | 1,117,000 | 1,690,000 | 2,422,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 357,000 | 809,000 | 1,300,000 | 1,653,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 357,000 | 809,000 | 1,300,000 | 1,653,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,834,000 | 8,919,000 | 9,218,000 | 9,571,000 |
| Total capital | 9,528,000 | 9,613,000 | 9,912,000 | 10,265,000 |
| Risk-weighted assets | 62,472,000 | 58,062,000 | 61,922,000 | 67,524,000 |