Call reports 2002
BOUNDARY WATERS BANK — 2002
What BOUNDARY WATERS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 44,536,000 | 45,019,000 | 49,098,000 | 48,499,000 |
| Total loans | 33,875,000 | 36,345,000 | 37,463,000 | 40,680,000 |
| Allowance for loan losses | 404,000 | 431,000 | 451,000 | 455,000 |
| Securities available for sale | 3,266,000 | 3,286,000 | 2,981,000 | 2,760,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,420,000 | 39,754,000 | 43,624,000 | 42,901,000 |
| Interest-bearing deposits | 33,009,000 | 32,796,000 | 33,964,000 | 35,769,000 |
| Noninterest-bearing deposits | 6,411,000 | 6,958,000 | 9,660,000 | 7,132,000 |
| Equity capital | 4,675,000 | 4,777,000 | 4,944,000 | 5,040,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 737,000 | 1,546,000 | 2,457,000 | 3,368,000 |
| Interest expense | 272,000 | 543,000 | 803,000 | 1,068,000 |
| Net interest income | 465,000 | 1,003,000 | 1,654,000 | 2,300,000 |
| Noninterest income | 224,000 | 488,000 | 778,000 | 906,000 |
| Noninterest expense | 535,000 | 1,087,000 | 1,683,000 | 2,259,000 |
| Provision for loan losses | 20,000 | 65,000 | 90,000 | 90,000 |
| Pretax income | 134,000 | 339,000 | 659,000 | 857,000 |
| Income tax | 54,000 | 138,000 | 269,000 | 340,000 |
| Net income | 80,000 | 201,000 | 390,000 | 517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,709,000 | 3,797,000 | 3,956,000 | 4,053,000 |
| Total capital | 4,113,000 | 4,228,000 | 4,407,000 | 4,508,000 |
| Risk-weighted assets | 34,209,000 | 36,876,000 | 37,806,000 | 40,524,000 |
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