Call reports 2014
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2014
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 29,567,000 | 29,653,000 | 28,465,000 | 28,601,000 |
| Total loans | 26,394,000 | 26,381,000 | 26,077,000 | 25,301,000 |
| Allowance for loan losses | 434,000 | 457,000 | 452,000 | 447,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,961,000 | 24,978,000 | 23,806,000 | 23,834,000 |
| Interest-bearing deposits | 24,916,000 | 24,949,000 | 23,756,000 | 23,791,000 |
| Noninterest-bearing deposits | 45,000 | 29,000 | 51,000 | 43,000 |
| Equity capital | 3,655,000 | 3,719,000 | 3,754,000 | 3,792,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 551,000 | 1,098,000 | 1,634,000 | 2,171,000 |
| Interest expense | 73,000 | 147,000 | 220,000 | 290,000 |
| Net interest income | 478,000 | 951,000 | 1,414,000 | 1,881,000 |
| Noninterest income | 25,000 | 52,000 | 61,000 | 78,000 |
| Noninterest expense | 386,000 | 748,000 | 1,114,000 | 1,506,000 |
| Provision for loan losses | 42,000 | 93,000 | 157,000 | 189,000 |
| Pretax income | 75,000 | 162,000 | 204,000 | 264,000 |
| Income tax | 22,000 | 45,000 | 51,000 | 74,000 |
| Net income | 53,000 | 117,000 | 153,000 | 190,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,655,000 | 3,719,000 | 3,754,000 | 3,792,000 |
| Total capital | 3,922,000 | 3,984,000 | 4,014,000 | 4,043,000 |
| Risk-weighted assets | 21,172,000 | 21,009,000 | 20,583,000 | 19,915,000 |