Call reports 2006
BOUNDARY WATERS BANK — 2006
What BOUNDARY WATERS BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 114,026,000 | 114,458,000 | 120,072,000 | 122,602,000 |
| Total loans | 103,371,000 | 104,411,000 | 109,667,000 | 110,732,000 |
| Allowance for loan losses | 985,000 | 1,067,000 | 1,200,000 | 1,272,000 |
| Securities available for sale | 2,149,000 | 2,010,000 | 4,470,000 | 3,430,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,894,000 | 99,211,000 | 102,020,000 | 107,034,000 |
| Interest-bearing deposits | 88,186,000 | 87,293,000 | 88,350,000 | 95,038,000 |
| Noninterest-bearing deposits | 9,708,000 | 11,918,000 | 13,670,000 | 11,996,000 |
| Equity capital | 10,975,000 | 11,154,000 | 11,364,000 | 11,497,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,043,000 | 4,252,000 | 6,617,000 | 9,055,000 |
| Interest expense | 775,000 | 1,665,000 | 2,630,000 | 3,699,000 |
| Net interest income | 1,268,000 | 2,587,000 | 3,987,000 | 5,356,000 |
| Noninterest income | 126,000 | 272,000 | 402,000 | 504,000 |
| Noninterest expense | 1,008,000 | 2,066,000 | 3,025,000 | 3,975,000 |
| Provision for loan losses | 160,000 | 250,000 | 500,000 | 805,000 |
| Pretax income | 226,000 | 543,000 | 864,000 | 1,080,000 |
| Income tax | 89,000 | 217,000 | 344,000 | 430,000 |
| Net income | 137,000 | 326,000 | 520,000 | 650,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,065,000 | 10,254,000 | 10,448,000 | 10,578,000 |
| Total capital | 11,050,000 | 11,321,000 | 11,648,000 | 11,850,000 |
| Risk-weighted assets | 104,194,000 | 105,285,000 | 110,338,000 | 111,874,000 |
Machine access — free, no API key
Every figure shown here about BOUNDARY WATERS BANK — 2006 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.