Call reports 2020
NORTHWOODS BANK OF MINNESOTA — 2020
What NORTHWOODS BANK OF MINNESOTA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 119,933,000 | 127,057,000 | 135,354,000 | 135,904,000 |
| Total loans | 68,490,000 | 70,325,000 | 74,916,000 | 73,893,000 |
| Allowance for loan losses | 761,000 | 887,000 | 898,000 | 852,000 |
| Securities available for sale | 41,946,000 | 43,903,000 | 48,933,000 | 49,842,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,727,000 | 103,476,000 | 111,359,000 | 112,957,000 |
| Interest-bearing deposits | 75,573,000 | 77,247,000 | 81,239,000 | 82,581,000 |
| Noninterest-bearing deposits | 21,154,000 | 26,229,000 | 30,120,000 | 30,376,000 |
| Equity capital | 13,141,000 | 14,824,000 | 15,028,000 | 15,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,224,000 | 2,577,000 | 3,872,000 | 5,183,000 |
| Interest expense | 152,000 | 271,000 | 374,000 | 464,000 |
| Net interest income | 1,072,000 | 2,306,000 | 3,498,000 | 4,719,000 |
| Noninterest income | 203,000 | 417,000 | 638,000 | 882,000 |
| Noninterest expense | 846,000 | 1,792,000 | 2,701,000 | 3,741,000 |
| Provision for loan losses | 17,000 | 141,000 | 155,000 | 168,000 |
| Pretax income | 487,000 | 865,000 | 1,355,000 | 1,767,000 |
| Income tax | 1,000 | 1,000 | 2,000 | 2,000 |
| Net income | 486,000 | 864,000 | 1,353,000 | 1,765,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,259,000 | 13,105,000 | 13,266,000 | 13,679,000 |