Call reports 2004
BOUNDARY WATERS BANK — 2004
What BOUNDARY WATERS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 85,898,000 | 81,071,000 | 85,703,000 | 86,644,000 |
| Total loans | 63,248,000 | 59,767,000 | 67,306,000 | 74,528,000 |
| Allowance for loan losses | 866,000 | 724,000 | 738,000 | 795,000 |
| Securities available for sale | 4,430,000 | 3,803,000 | 3,692,000 | 2,822,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,877,000 | 68,455,000 | 68,389,000 | 70,716,000 |
| Interest-bearing deposits | 65,368,000 | 58,229,000 | 57,113,000 | 59,338,000 |
| Noninterest-bearing deposits | 9,509,000 | 10,226,000 | 11,276,000 | 11,378,000 |
| Equity capital | 6,944,000 | 6,546,000 | 7,307,000 | 8,105,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 986,000 | 1,988,000 | 3,258,000 | 4,599,000 |
| Interest expense | 368,000 | 741,000 | 1,079,000 | 1,428,000 |
| Net interest income | 618,000 | 1,247,000 | 2,179,000 | 3,171,000 |
| Noninterest income | 198,000 | 353,000 | 377,000 | 399,000 |
| Noninterest expense | 1,124,000 | 2,270,000 | 3,155,000 | 4,254,000 |
| Provision for loan losses | 382,000 | 506,000 | 526,000 | 607,000 |
| Pretax income | -690,000 | -1,176,000 | -1,125,000 | -1,291,000 |
| Income tax | -250,000 | -421,000 | -451,000 | -425,000 |
| Net income | -440,000 | -755,000 | -674,000 | -866,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,985,000 | 5,640,000 | 6,369,000 | 7,178,000 |
| Total capital | 6,804,000 | 6,364,000 | 7,107,000 | 7,973,000 |
| Risk-weighted assets | 65,453,000 | 62,250,000 | 69,190,000 | 75,752,000 |
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