Call reports 2023
ITASCA BANK & TRUST CO. — 2023
What ITASCA BANK & TRUST CO. 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 | 721,512,000 | 721,575,000 | 732,069,000 | 733,545,000 |
| Total loans | 479,364,000 | 494,562,000 | 503,163,000 | 504,487,000 |
| Allowance for loan losses | 6,212,000 | 6,368,000 | 6,978,000 | 7,536,000 |
| Securities available for sale | 197,628,000 | 181,260,000 | 175,489,000 | 171,685,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 659,576,000 | 653,379,000 | 673,346,000 | 670,222,000 |
| Interest-bearing deposits | 443,700,000 | 450,067,000 | 463,141,000 | 466,385,000 |
| Noninterest-bearing deposits | 215,876,000 | 203,312,000 | 210,205,000 | 203,837,000 |
| Equity capital | 57,457,000 | 56,472,000 | 54,706,000 | 59,201,000 |
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 | 7,877,000 | 16,141,000 | 24,857,000 | 33,839,000 |
| Interest expense | 1,256,000 | 3,145,000 | 5,521,000 | 8,146,000 |
| Net interest income | 6,621,000 | 12,996,000 | 19,336,000 | 25,693,000 |
| Noninterest income | 761,000 | 1,636,000 | 2,462,000 | 3,311,000 |
| Noninterest expense | 4,609,000 | 9,294,000 | 13,976,000 | 18,687,000 |
| Provision for loan losses | 0 | 225,000 | 825,000 | 1,225,000 |
| Pretax income | 2,745,000 | 4,967,000 | 6,851,000 | 8,455,000 |
| Income tax | 751,000 | 1,359,000 | 1,869,000 | 2,312,000 |
| Net income | 1,994,000 | 3,608,000 | 4,982,000 | 6,143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,525,000 | 71,404,000 | 72,045,000 | 72,475,000 |