Call reports 2022
NORTHWOODS BANK OF MINNESOTA — 2022
What NORTHWOODS BANK OF MINNESOTA reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 141,934,000 | 139,981,000 | 142,663,000 | 146,645,000 |
| Total loans | 74,396,000 | 74,329,000 | 72,957,000 | 73,999,000 |
| Allowance for loan losses | 1,084,000 | 1,086,000 | 1,089,000 | 1,081,000 |
| Securities available for sale | 57,799,000 | 54,211,000 | 60,903,000 | 55,313,000 |
| Securities held to maturity | 0 | 0 | 0 | 891,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 126,006,000 | 129,065,000 | 132,695,000 | 135,503,000 |
| Interest-bearing deposits | 89,640,000 | 92,090,000 | 93,020,000 | 96,580,000 |
| Noninterest-bearing deposits | 36,366,000 | 36,975,000 | 39,675,000 | 38,923,000 |
| Equity capital | 12,076,000 | 9,181,000 | 8,362,000 | 9,629,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,124,000 | 2,268,000 | 3,500,000 | 4,761,000 |
| Interest expense | 49,000 | 92,000 | 140,000 | 233,000 |
| Net interest income | 1,075,000 | 2,176,000 | 3,360,000 | 4,528,000 |
| Noninterest income | 177,000 | 349,000 | 605,000 | 737,000 |
| Noninterest expense | 908,000 | 1,864,000 | 2,865,000 | 3,816,000 |
| Provision for loan losses | 8,000 | 16,000 | 18,000 | 9,000 |
| Pretax income | 336,000 | 645,000 | 1,082,000 | 1,391,000 |
| Income tax | 28,000 | 56,000 | 84,000 | 75,000 |
| Net income | 308,000 | 589,000 | 998,000 | 1,316,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,350,000 | 14,259,000 | 14,469,000 | 14,789,000 |