Call reports 2021
NORTHWOODS BANK OF MINNESOTA — 2021
What NORTHWOODS BANK OF MINNESOTA reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 137,555,000 | 144,642,000 | 148,288,000 | 150,883,000 |
| Total loans | 77,770,000 | 77,508,000 | 79,378,000 | 75,989,000 |
| Allowance for loan losses | 930,000 | 973,000 | 998,000 | 1,075,000 |
| Securities available for sale | 49,819,000 | 52,807,000 | 58,818,000 | 58,903,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 116,366,000 | 123,219,000 | 126,726,000 | 130,918,000 |
| Interest-bearing deposits | 83,131,000 | 90,758,000 | 89,676,000 | 93,008,000 |
| Noninterest-bearing deposits | 33,235,000 | 32,461,000 | 37,050,000 | 37,910,000 |
| Equity capital | 14,992,000 | 14,932,000 | 15,170,000 | 14,877,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,283,000 | 2,519,000 | 3,725,000 | 4,941,000 |
| Interest expense | 77,000 | 138,000 | 199,000 | 251,000 |
| Net interest income | 1,206,000 | 2,381,000 | 3,526,000 | 4,690,000 |
| Noninterest income | 117,000 | 293,000 | 605,000 | 820,000 |
| Noninterest expense | 868,000 | 1,779,000 | 2,699,000 | 3,683,000 |
| Provision for loan losses | 47,000 | 87,000 | 108,000 | 112,000 |
| Pretax income | 408,000 | 808,000 | 1,324,000 | 1,715,000 |
| Income tax | 1,000 | 1,000 | 2,000 | 124,000 |
| Net income | 407,000 | 807,000 | 1,322,000 | 1,591,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,898,000 | 13,787,000 | 13,963,000 | 14,267,000 |