Call reports 2015
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2015
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 29,011,000 | 28,236,000 | 27,931,000 | 28,183,000 |
| Total loans | 25,220,000 | 25,320,000 | 25,224,000 | 25,623,000 |
| Allowance for loan losses | 455,000 | 471,000 | 467,000 | 442,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,292,000 | 23,691,000 | 23,430,000 | 23,688,000 |
| Interest-bearing deposits | 24,230,000 | 23,691,000 | 23,430,000 | 23,688,000 |
| Noninterest-bearing deposits | 62,000 | 0 | 0 | 0 |
| Equity capital | 3,840,000 | 3,899,000 | 3,956,000 | 3,989,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 510,000 | 1,018,000 | 1,538,000 | 2,063,000 |
| Interest expense | 68,000 | 136,000 | 197,000 | 262,000 |
| Net interest income | 442,000 | 882,000 | 1,341,000 | 1,801,000 |
| Noninterest income | 14,000 | 132,000 | 165,000 | 243,000 |
| Noninterest expense | 376,000 | 778,000 | 1,163,000 | 1,604,000 |
| Provision for loan losses | 5,000 | 58,000 | 68,000 | 107,000 |
| Pretax income | 75,000 | 178,000 | 275,000 | 333,000 |
| Income tax | 27,000 | 72,000 | 111,000 | 136,000 |
| Net income | 48,000 | 106,000 | 164,000 | 197,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,840,000 | 3,899,000 | 3,956,000 | 3,989,000 |
| Total capital | 4,094,000 | 4,152,000 | 4,209,000 | 4,243,000 |
| Risk-weighted assets | 20,147,000 | 20,003,000 | 20,028,000 | 20,108,000 |