Call reports 2023
NORTHWOODS BANK OF MINNESOTA — 2023
What NORTHWOODS BANK OF MINNESOTA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 143,289,000 | 142,380,000 | 139,826,000 | 138,607,000 |
| Total loans | 73,776,000 | 73,847,000 | 75,215,000 | 74,271,000 |
| Allowance for loan losses | 1,079,000 | 1,078,000 | 1,081,000 | 1,082,000 |
| Securities available for sale | 56,286,000 | 54,845,000 | 56,925,000 | 51,899,000 |
| Securities held to maturity | 890,000 | 890,000 | 890,000 | 889,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,650,000 | 130,333,000 | 128,645,000 | 124,619,000 |
| Interest-bearing deposits | 95,378,000 | 97,429,000 | 94,365,000 | 89,718,000 |
| Noninterest-bearing deposits | 36,272,000 | 32,904,000 | 34,280,000 | 34,901,000 |
| Equity capital | 10,022,000 | 9,373,000 | 8,578,000 | 10,591,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,287,000 | 2,639,000 | 4,098,000 | 5,534,000 |
| Interest expense | 151,000 | 413,000 | 744,000 | 1,121,000 |
| Net interest income | 1,136,000 | 2,226,000 | 3,354,000 | 4,413,000 |
| Noninterest income | 183,000 | 345,000 | 568,000 | 716,000 |
| Noninterest expense | 932,000 | 1,902,000 | 2,910,000 | 3,930,000 |
| Provision for loan losses | 3,000 | 6,000 | 8,000 | 14,000 |
| Pretax income | 370,000 | 649,000 | 990,000 | 901,000 |
| Income tax | 21,000 | 42,000 | 63,000 | 63,000 |
| Net income | 349,000 | 607,000 | 927,000 | 838,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,982,000 | 14,831,000 | 14,946,000 | 14,855,000 |