Call reports 2024
GRAND MARAIS STATE BANK — 2024
What GRAND MARAIS STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 117,610,000 | 116,454,000 | 126,406,000 | 120,016,000 |
| Total loans | 70,661,000 | 71,844,000 | 72,594,000 | 73,162,000 |
| Allowance for loan losses | 724,000 | 724,000 | 729,000 | 725,000 |
| Securities available for sale | 19,352,000 | 19,484,000 | 20,014,000 | 21,847,000 |
| Securities held to maturity | 25,093,000 | 22,092,000 | 22,091,000 | 21,994,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,151,000 | 102,978,000 | 117,272,000 | 110,317,000 |
| Interest-bearing deposits | 64,412,000 | 65,002,000 | 72,593,000 | 72,035,000 |
| Noninterest-bearing deposits | 36,739,000 | 37,976,000 | 44,679,000 | 38,282,000 |
| Equity capital | 7,962,000 | 8,163,000 | 8,725,000 | 8,761,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,245,000 | 2,498,000 | 3,840,000 | 5,204,000 |
| Interest expense | 404,000 | 818,000 | 1,197,000 | 1,562,000 |
| Net interest income | 841,000 | 1,680,000 | 2,643,000 | 3,642,000 |
| Noninterest income | 96,000 | 168,000 | 237,000 | 307,000 |
| Noninterest expense | 622,000 | 1,253,000 | 1,888,000 | 2,677,000 |
| Provision for loan losses | 0 | 0 | 5,000 | 5,000 |
| Pretax income | 138,000 | 418,000 | 810,000 | 1,090,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 138,000 | 418,000 | 810,000 | 1,090,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,574,000 | 9,647,000 | 9,682,000 | 9,763,000 |
| Total capital | 10,298,000 | 10,371,000 | 10,411,000 | 10,487,000 |
| Risk-weighted assets | 61,387,000 | 65,458,000 | 64,720,000 | 67,714,000 |