Call reports 2021
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2021
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 25,397,000 | 25,332,000 | 25,161,000 | 24,615,000 |
| Total loans | 22,043,000 | 21,709,000 | 22,136,000 | 22,342,000 |
| Allowance for loan losses | 393,000 | 396,000 | 399,000 | 397,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,281,000 | 20,204,000 | 19,999,000 | 19,513,000 |
| Interest-bearing deposits | 20,147,000 | 20,103,000 | 19,865,000 | 19,410,000 |
| Noninterest-bearing deposits | 134,000 | 101,000 | 134,000 | 103,000 |
| Equity capital | 4,223,000 | 4,216,000 | 4,230,000 | 4,246,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 395,000 | 783,000 | 1,188,000 | 1,595,000 |
| Interest expense | 81,000 | 151,000 | 220,000 | 280,000 |
| Net interest income | 314,000 | 632,000 | 968,000 | 1,315,000 |
| Noninterest income | 17,000 | 31,000 | 44,000 | 78,000 |
| Noninterest expense | 298,000 | 615,000 | 929,000 | 1,284,000 |
| Provision for loan losses | 3,000 | 3,000 | 13,000 | 13,000 |
| Pretax income | 30,000 | 45,000 | 70,000 | 96,000 |
| Income tax | 0 | 0 | 0 | 10,000 |
| Net income | 30,000 | 45,000 | 70,000 | 86,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,223,000 | 4,216,000 | 4,230,000 | 4,246,000 |
| Total capital | 4,449,000 | 4,442,000 | 4,457,000 | 4,473,000 |
| Risk-weighted assets | 17,945,000 | 17,909,000 | 17,972,000 | 17,955,000 |