Call reports 2023
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2023
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 24,386,000 | 24,694,000 | 24,399,000 | 24,741,000 |
| Total loans | 22,672,000 | 22,404,000 | 22,304,000 | 22,564,000 |
| Allowance for loan losses | 399,000 | 399,000 | 399,000 | 394,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,662,000 | 19,458,000 | 19,161,000 | 18,387,000 |
| Interest-bearing deposits | 19,520,000 | 19,355,000 | 19,016,000 | 18,261,000 |
| Noninterest-bearing deposits | 142,000 | 103,000 | 145,000 | 126,000 |
| Equity capital | 4,259,000 | 4,245,000 | 4,232,000 | 4,132,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 407,000 | 831,000 | 1,275,000 | 1,725,000 |
| Interest expense | 100,000 | 233,000 | 392,000 | 587,000 |
| Net interest income | 307,000 | 598,000 | 883,000 | 1,138,000 |
| Noninterest income | 14,000 | 29,000 | 42,000 | 57,000 |
| Noninterest expense | 291,000 | 575,000 | 862,000 | 1,129,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 30,000 | 52,000 | 63,000 | 66,000 |
| Income tax | 8,000 | 13,000 | 19,000 | 25,000 |
| Net income | 22,000 | 39,000 | 44,000 | 41,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,259,000 | 4,245,000 | 4,232,000 | 4,132,000 |
| Total capital | 4,488,000 | 4,476,000 | 4,460,000 | 4,361,000 |
| Risk-weighted assets | 18,152,000 | 18,286,000 | 18,053,000 | 18,162,000 |