Call reports 2020
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2020
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 26,433,000 | 25,694,000 | 25,497,000 | 25,454,000 |
| Total loans | 22,725,000 | 22,205,000 | 22,718,000 | 22,386,000 |
| Allowance for loan losses | 399,000 | 399,000 | 406,000 | 396,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,998,000 | 20,447,000 | 20,220,000 | 20,342,000 |
| Interest-bearing deposits | 20,891,000 | 20,366,000 | 20,091,000 | 20,231,000 |
| Noninterest-bearing deposits | 107,000 | 81,000 | 129,000 | 111,000 |
| Equity capital | 4,170,000 | 4,177,000 | 4,202,000 | 4,207,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 455,000 | 881,000 | 1,304,000 | 1,722,000 |
| Interest expense | 121,000 | 232,000 | 334,000 | 425,000 |
| Net interest income | 334,000 | 649,000 | 970,000 | 1,297,000 |
| Noninterest income | 11,000 | 20,000 | 38,000 | 45,000 |
| Noninterest expense | 313,000 | 613,000 | 900,000 | 1,225,000 |
| Provision for loan losses | 5,000 | 8,000 | 22,000 | 26,000 |
| Pretax income | 27,000 | 48,000 | 86,000 | 91,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 27,000 | 48,000 | 86,000 | 91,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,170,000 | 4,177,000 | 4,202,000 | 4,207,000 |
| Total capital | 4,403,000 | 4,408,000 | 4,437,000 | 4,435,000 |
| Risk-weighted assets | 18,513,000 | 18,289,000 | 18,624,000 | 18,074,000 |