Call reports 2025
GRAND MARAIS STATE BANK — 2025
What GRAND MARAIS STATE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 119,471,000 | 117,601,000 | 124,771,000 | 122,930,000 |
| Total loans | 75,162,000 | 77,952,000 | 78,318,000 | 82,962,000 |
| Allowance for loan losses | 731,000 | 771,000 | 790,000 | 792,000 |
| Securities available for sale | 22,094,000 | 22,272,000 | 27,417,000 | 27,616,000 |
| Securities held to maturity | 19,710,000 | 13,708,000 | 8,706,000 | 8,603,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,112,000 | 107,916,000 | 114,646,000 | 112,791,000 |
| Interest-bearing deposits | 67,507,000 | 70,420,000 | 74,634,000 | 58,180,000 |
| Noninterest-bearing deposits | 35,605,000 | 37,496,000 | 40,012,000 | 54,611,000 |
| Equity capital | 9,027,000 | 9,273,000 | 9,645,000 | 9,719,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 1,321,000 | 2,784,000 | 4,295,000 | 5,902,000 |
| Interest expense | 376,000 | 810,000 | 1,189,000 | 1,552,000 |
| Net interest income | 945,000 | 1,974,000 | 3,106,000 | 4,350,000 |
| Noninterest income | 77,000 | 159,000 | 234,000 | 308,000 |
| Noninterest expense | 632,000 | 1,266,000 | 1,923,000 | 2,915,000 |
| Provision for loan losses | 20,000 | 60,000 | 90,000 | 90,000 |
| Pretax income | 369,000 | 806,000 | 1,326,000 | 1,652,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 369,000 | 806,000 | 1,326,000 | 1,652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,799,000 | 9,886,000 | 10,064,000 | 9,990,000 |
| Total capital | 10,530,000 | 10,657,000 | 10,855,000 | 10,782,000 |
| Risk-weighted assets | 68,730,000 | 70,946,000 | 69,293,000 | 73,380,000 |