Call reports 2008
PIONEER NATIONAL BANK OF DULUTH, THE — 2008
What PIONEER NATIONAL BANK OF DULUTH, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 78,990,000 | 78,597,000 | 82,482,000 | 82,968,000 |
| Total loans | 65,177,000 | 63,971,000 | 69,479,000 | 72,159,000 |
| Allowance for loan losses | 673,000 | 697,000 | 589,000 | 587,000 |
| Securities available for sale | 7,761,000 | 7,430,000 | 6,919,000 | 6,695,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,839,000 | 64,845,000 | 68,876,000 | 69,497,000 |
| Interest-bearing deposits | 51,910,000 | 54,398,000 | 57,484,000 | 57,823,000 |
| Noninterest-bearing deposits | 10,929,000 | 10,447,000 | 11,392,000 | 11,674,000 |
| Equity capital | 7,287,000 | 7,308,000 | 7,269,000 | 7,169,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,302,000 | 2,575,000 | 3,850,000 | 5,140,000 |
| Interest expense | 366,000 | 709,000 | 1,050,000 | 1,376,000 |
| Net interest income | 936,000 | 1,866,000 | 2,800,000 | 3,764,000 |
| Noninterest income | 77,000 | 148,000 | 277,000 | 336,000 |
| Noninterest expense | 685,000 | 1,384,000 | 2,061,000 | 2,756,000 |
| Provision for loan losses | 0 | 0 | -100,000 | -100,000 |
| Pretax income | 328,000 | 630,000 | 866,000 | 1,169,000 |
| Income tax | 1,000 | 1,000 | 2,000 | 2,000 |
| Net income | 327,000 | 629,000 | 864,000 | 1,167,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,204,000 | 7,333,000 | 7,395,000 | 7,352,000 |
| Total capital | 7,877,000 | 8,030,000 | 7,984,000 | 7,939,000 |
| Risk-weighted assets | 63,707,000 | 62,050,000 | 67,113,000 | 69,470,000 |
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