Call reports 2016
NORTHWOODS BANK OF MINNESOTA — 2016
What NORTHWOODS BANK OF MINNESOTA reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 102,234,000 | 102,452,000 | 109,133,000 | 109,877,000 |
| Total loans | 59,143,000 | 61,905,000 | 63,365,000 | 64,546,000 |
| Allowance for loan losses | 645,000 | 665,000 | 725,000 | 717,000 |
| Securities available for sale | 33,763,000 | 32,152,000 | 31,588,000 | 32,927,000 |
| Securities held to maturity | 95,000 | 95,000 | 95,000 | 75,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,576,000 | 82,700,000 | 89,388,000 | 90,858,000 |
| Interest-bearing deposits | 67,903,000 | 65,894,000 | 70,904,000 | 72,846,000 |
| Noninterest-bearing deposits | 16,673,000 | 16,806,000 | 18,484,000 | 18,012,000 |
| Equity capital | 11,805,000 | 12,074,000 | 12,108,000 | 11,450,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 997,000 | 2,015,000 | 3,088,000 | 4,151,000 |
| Interest expense | 73,000 | 143,000 | 223,000 | 298,000 |
| Net interest income | 924,000 | 1,872,000 | 2,865,000 | 3,853,000 |
| Noninterest income | 183,000 | 415,000 | 607,000 | 825,000 |
| Noninterest expense | 857,000 | 1,719,000 | 2,581,000 | 3,407,000 |
| Provision for loan losses | 24,000 | 36,000 | 53,000 | 127,000 |
| Pretax income | 229,000 | 544,000 | 850,000 | 1,156,000 |
| Income tax | 1,000 | 1,000 | 2,000 | 2,000 |
| Net income | 228,000 | 543,000 | 848,000 | 1,154,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,251,000 | 11,448,000 | 11,548,000 | 11,633,000 |
| Total capital | 11,970,000 | 12,187,000 | 12,321,000 | 12,391,000 |
| Risk-weighted assets | 73,723,000 | 72,648,000 | 73,948,000 | 72,816,000 |