Call reports 2005
BOUNDARY WATERS BANK — 2005
What BOUNDARY WATERS BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 90,137,000 | 86,681,000 | 92,977,000 | 103,167,000 |
| Total loans | 76,853,000 | 77,361,000 | 82,899,000 | 94,074,000 |
| Allowance for loan losses | 838,000 | 869,000 | 790,000 | 881,000 |
| Securities available for sale | 2,717,000 | 2,622,000 | 2,001,000 | 2,221,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,455,000 | 72,495,000 | 76,334,000 | 88,031,000 |
| Interest-bearing deposits | 63,877,000 | 61,772,000 | 64,212,000 | 76,364,000 |
| Noninterest-bearing deposits | 11,578,000 | 10,723,000 | 12,122,000 | 11,667,000 |
| Equity capital | 9,126,000 | 9,173,000 | 9,201,000 | 9,591,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,321,000 | 2,814,000 | 4,338,000 | 6,159,000 |
| Interest expense | 387,000 | 843,000 | 1,324,000 | 1,982,000 |
| Net interest income | 934,000 | 1,971,000 | 3,014,000 | 4,177,000 |
| Noninterest income | 144,000 | 191,000 | 321,000 | 472,000 |
| Noninterest expense | 965,000 | 1,848,000 | 2,808,000 | 3,873,000 |
| Provision for loan losses | 50,000 | 200,000 | 360,000 | 454,000 |
| Pretax income | 63,000 | 114,000 | 167,000 | 322,000 |
| Income tax | 24,000 | 43,000 | 61,000 | 122,000 |
| Net income | 39,000 | 71,000 | 106,000 | 200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,216,000 | 8,249,000 | 8,284,000 | 8,678,000 |
| Total capital | 9,054,000 | 9,118,000 | 9,074,000 | 9,559,000 |
| Risk-weighted assets | 78,642,000 | 77,645,000 | 83,343,000 | 93,766,000 |
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