Call reports 2022
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2022
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 25,080,000 | 24,783,000 | 24,592,000 | 25,199,000 |
| Total loans | 22,082,000 | 22,445,000 | 22,826,000 | 22,832,000 |
| Allowance for loan losses | 403,000 | 404,000 | 399,000 | 399,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,941,000 | 19,684,000 | 19,654,000 | 20,495,000 |
| Interest-bearing deposits | 19,818,000 | 19,588,000 | 19,521,000 | 20,197,000 |
| Noninterest-bearing deposits | 123,000 | 96,000 | 133,000 | 298,000 |
| Equity capital | 4,272,000 | 4,191,000 | 4,224,000 | 4,250,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 376,000 | 758,000 | 1,151,000 | 1,566,000 |
| Interest expense | 55,000 | 108,000 | 164,000 | 233,000 |
| Net interest income | 321,000 | 650,000 | 987,000 | 1,333,000 |
| Noninterest income | 11,000 | 23,000 | 47,000 | 64,000 |
| Noninterest expense | 295,000 | 589,000 | 901,000 | 1,230,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 37,000 | 84,000 | 133,000 | 167,000 |
| Income tax | 3,000 | 12,000 | 16,000 | 24,000 |
| Net income | 34,000 | 72,000 | 117,000 | 143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,272,000 | 4,191,000 | 4,224,000 | 4,250,000 |
| Total capital | 4,498,000 | 4,418,000 | 4,455,000 | 4,481,000 |
| Risk-weighted assets | 17,914,000 | 17,967,000 | 18,325,000 | 18,273,000 |