Call reports 2024
MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED — 2024
What MINNESOTA FIRST CREDIT AND SAVINGS, INCORPORATED reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 25,387,000 | 24,807,000 | 25,416,000 | 26,042,000 |
| Total loans | 22,717,000 | 22,317,000 | 23,118,000 | 23,798,000 |
| Allowance for loan losses | 409,000 | 409,000 | 409,000 | 409,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,113,000 | 18,644,000 | 19,694,000 | 20,799,000 |
| Interest-bearing deposits | 18,961,000 | 18,526,000 | 19,532,000 | 20,669,000 |
| Noninterest-bearing deposits | 152,000 | 118,000 | 162,000 | 130,000 |
| Equity capital | 4,122,000 | 4,132,000 | 4,112,000 | 4,124,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 464,000 | 934,000 | 1,417,000 | 1,920,000 |
| Interest expense | 220,000 | 446,000 | 685,000 | 927,000 |
| Net interest income | 244,000 | 488,000 | 732,000 | 993,000 |
| Noninterest income | 15,000 | 32,000 | 47,000 | 67,000 |
| Noninterest expense | 253,000 | 496,000 | 768,000 | 1,037,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 6,000 | 24,000 | 11,000 | 23,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 6,000 | 24,000 | 11,000 | 23,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,122,000 | 4,132,000 | 4,112,000 | 4,124,000 |
| Total capital | 4,352,000 | 4,357,000 | 4,342,000 | 4,359,000 |
| Risk-weighted assets | 18,209,000 | 17,837,000 | 18,258,000 | 18,653,000 |