Call reports 2023
GRAND MARAIS STATE BANK — 2023
What GRAND MARAIS STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 129,586,000 | 128,137,000 | 128,705,000 | 125,459,000 |
| Total loans | 70,218,000 | 70,901,000 | 71,506,000 | 71,662,000 |
| Allowance for loan losses | 694,000 | 694,000 | 704,000 | 724,000 |
| Securities available for sale | 24,603,000 | 24,359,000 | 24,352,000 | 24,990,000 |
| Securities held to maturity | 31,644,000 | 29,644,000 | 29,644,000 | 25,587,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,771,000 | 110,395,000 | 115,299,000 | 102,806,000 |
| Interest-bearing deposits | 65,659,000 | 66,891,000 | 69,226,000 | 65,476,000 |
| Noninterest-bearing deposits | 41,112,000 | 43,504,000 | 46,073,000 | 37,330,000 |
| Equity capital | 7,368,000 | 7,127,000 | 7,280,000 | 8,094,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,065,000 | 2,207,000 | 3,406,000 | 4,747,000 |
| Interest expense | 220,000 | 555,000 | 773,000 | 1,168,000 |
| Net interest income | 845,000 | 1,652,000 | 2,633,000 | 3,579,000 |
| Noninterest income | 82,000 | 158,000 | 238,000 | 318,000 |
| Noninterest expense | 609,000 | 1,213,000 | 1,813,000 | 2,481,000 |
| Provision for loan losses | 0 | 0 | 10,000 | 30,000 |
| Pretax income | 274,000 | 553,000 | 960,000 | 1,342,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 274,000 | 553,000 | 960,000 | 1,342,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,468,000 | 9,478,000 | 9,645,000 | 9,827,000 |
| Total capital | 10,162,000 | 10,172,000 | 10,349,000 | 10,551,000 |
| Risk-weighted assets | 68,080,000 | 68,012,000 | 69,065,000 | 67,009,000 |