Call reports 2021
ITASCA BANK & TRUST CO. — 2021
What ITASCA BANK & TRUST CO. 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 | 742,704,000 | 732,292,000 | 734,832,000 | 734,825,000 |
| Total loans | 483,163,000 | 462,214,000 | 453,597,000 | 436,168,000 |
| Allowance for loan losses | 7,346,000 | 7,107,000 | 7,116,000 | 7,188,000 |
| Securities available for sale | 203,130,000 | 213,818,000 | 233,720,000 | 247,684,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 655,893,000 | 655,587,000 | 663,985,000 | 667,414,000 |
| Interest-bearing deposits | 408,333,000 | 435,466,000 | 450,635,000 | 451,606,000 |
| Noninterest-bearing deposits | 247,560,000 | 220,121,000 | 213,350,000 | 215,808,000 |
| Equity capital | 62,701,000 | 64,383,000 | 65,450,000 | 65,145,000 |
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 | 6,612,000 | 12,811,000 | 19,195,000 | 25,955,000 |
| Interest expense | 365,000 | 674,000 | 980,000 | 1,291,000 |
| Net interest income | 6,247,000 | 12,137,000 | 18,215,000 | 24,664,000 |
| Noninterest income | 692,000 | 1,427,000 | 2,183,000 | 2,952,000 |
| Noninterest expense | 3,816,000 | 7,675,000 | 11,698,000 | 15,871,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,119,000 | 5,885,000 | 8,735,000 | 11,777,000 |
| Income tax | 850,000 | 1,594,000 | 2,360,000 | 3,170,000 |
| Net income | 2,269,000 | 4,291,000 | 6,375,000 | 8,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,186,000 | 61,456,000 | 62,648,000 | 63,920,000 |