Call reports 2008
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2008
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 26,044,000 | 25,902,000 | 26,539,000 | 27,058,000 |
| Total loans | 25,154,000 | 25,187,000 | 25,408,000 | 25,725,000 |
| Allowance for loan losses | 330,000 | 334,000 | 344,000 | 331,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,899,000 | 18,511,000 | 19,259,000 | 20,001,000 |
| Interest-bearing deposits | 18,899,000 | 18,511,000 | 19,259,000 | 20,001,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 2,908,000 | 2,960,000 | 3,014,000 | 3,004,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 634,000 | 1,251,000 | 1,870,000 | 2,484,000 |
| Interest expense | 272,000 | 522,000 | 757,000 | 985,000 |
| Net interest income | 362,000 | 729,000 | 1,113,000 | 1,499,000 |
| Noninterest income | 21,000 | 38,000 | 68,000 | 107,000 |
| Noninterest expense | 286,000 | 569,000 | 871,000 | 1,258,000 |
| Provision for loan losses | 13,000 | 28,000 | 47,000 | 105,000 |
| Pretax income | 84,000 | 170,000 | 263,000 | 243,000 |
| Income tax | 34,000 | 68,000 | 107,000 | 97,000 |
| Net income | 50,000 | 102,000 | 156,000 | 146,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,908,000 | 2,960,000 | 3,014,000 | 3,004,000 |
| Total capital | 3,126,000 | 3,177,000 | 3,235,000 | 3,234,000 |
| Risk-weighted assets | 17,311,000 | 17,275,000 | 17,590,000 | 18,330,000 |
Machine access — free, no API key
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