Call reports 2016
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2016
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 27,911,000 | 28,013,000 | 27,876,000 | 27,850,000 |
| Total loans | 25,327,000 | 25,582,000 | 25,291,000 | 25,134,000 |
| Allowance for loan losses | 445,000 | 442,000 | 453,000 | 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 | 23,423,000 | 23,439,000 | 23,200,000 | 23,180,000 |
| Interest-bearing deposits | 23,423,000 | 23,439,000 | 23,200,000 | 23,180,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 3,866,000 | 3,953,000 | 4,023,000 | 4,061,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 510,000 | 1,019,000 | 1,519,000 | 2,019,000 |
| Interest expense | 60,000 | 124,000 | 187,000 | 254,000 |
| Net interest income | 450,000 | 895,000 | 1,332,000 | 1,765,000 |
| Noninterest income | 18,000 | 47,000 | 70,000 | 96,000 |
| Noninterest expense | 379,000 | 767,000 | 1,156,000 | 1,561,000 |
| Provision for loan losses | 13,000 | 13,000 | 13,000 | 29,000 |
| Pretax income | 76,000 | 162,000 | 233,000 | 271,000 |
| Income tax | 101,000 | 101,000 | 101,000 | 101,000 |
| Net income | -25,000 | 61,000 | 132,000 | 170,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,866,000 | 3,953,000 | 4,023,000 | 4,061,000 |
| Total capital | 4,119,000 | 4,209,000 | 4,273,000 | 4,310,000 |
| Risk-weighted assets | 20,056,000 | 20,157,000 | 19,834,000 | 19,695,000 |