Call reports 2024
NORTHWOODS BANK OF MINNESOTA — 2024
What NORTHWOODS BANK OF MINNESOTA reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 136,025,000 | 136,593,000 | 141,145,000 | 140,012,000 |
| Total loans | 76,905,000 | 79,025,000 | 77,399,000 | 76,608,000 |
| Allowance for loan losses | 1,083,000 | 1,087,000 | 1,094,000 | 1,096,000 |
| Securities available for sale | 49,904,000 | 49,441,000 | 51,871,000 | 50,120,000 |
| Securities held to maturity | 889,000 | 889,000 | 888,000 | 888,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,305,000 | 122,127,000 | 125,044,000 | 125,194,000 |
| Interest-bearing deposits | 90,801,000 | 92,921,000 | 94,922,000 | 93,941,000 |
| Noninterest-bearing deposits | 31,504,000 | 29,206,000 | 30,122,000 | 31,253,000 |
| Equity capital | 10,364,000 | 10,249,000 | 11,839,000 | 10,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,441,000 | 2,927,000 | 4,567,000 | 6,151,000 |
| Interest expense | 412,000 | 853,000 | 1,356,000 | 1,840,000 |
| Net interest income | 1,029,000 | 2,074,000 | 3,211,000 | 4,311,000 |
| Noninterest income | 165,000 | 299,000 | 473,000 | 598,000 |
| Noninterest expense | 973,000 | 1,992,000 | 3,001,000 | 3,993,000 |
| Provision for loan losses | 4,000 | 6,000 | 9,000 | 11,000 |
| Pretax income | 217,000 | 375,000 | 674,000 | 905,000 |
| Income tax | 21,000 | 35,000 | 35,000 | 25,000 |
| Net income | 196,000 | 340,000 | 639,000 | 880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,936,000 | 14,952,000 | 15,144,000 | 15,425,000 |