Call reports 2007
BOUNDARY WATERS BANK — 2007
What BOUNDARY WATERS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 131,444,000 | 131,010,000 | 134,879,000 | 134,305,000 |
| Total loans | 118,716,000 | 120,543,000 | 123,448,000 | 118,818,000 |
| Allowance for loan losses | 1,211,000 | 1,245,000 | 1,373,000 | 1,324,000 |
| Securities available for sale | 3,395,000 | 3,347,000 | 3,332,000 | 7,512,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 113,462,000 | 109,424,000 | 107,981,000 | 107,613,000 |
| Interest-bearing deposits | 100,519,000 | 97,966,000 | 96,166,000 | 95,693,000 |
| Noninterest-bearing deposits | 12,943,000 | 11,457,000 | 11,815,000 | 11,920,000 |
| Equity capital | 13,589,000 | 13,847,000 | 14,141,000 | 14,431,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,475,000 | 5,141,000 | 7,950,000 | 10,624,000 |
| Interest expense | 1,113,000 | 2,267,000 | 3,472,000 | 4,650,000 |
| Net interest income | 1,362,000 | 2,874,000 | 4,478,000 | 5,974,000 |
| Noninterest income | 108,000 | 200,000 | 297,000 | 437,000 |
| Noninterest expense | 1,032,000 | 2,056,000 | 3,149,000 | 4,195,000 |
| Provision for loan losses | 600,000 | 750,000 | 900,000 | 1,050,000 |
| Pretax income | -162,000 | 268,000 | 726,000 | 1,166,000 |
| Income tax | -69,000 | 105,000 | 288,000 | 466,000 |
| Net income | -93,000 | 163,000 | 438,000 | 700,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,665,000 | 12,922,000 | 13,196,000 | 13,459,000 |
| Total capital | 13,876,000 | 14,169,000 | 14,569,000 | 14,783,000 |
| Risk-weighted assets | 120,426,000 | 121,877,000 | 124,915,000 | 121,872,000 |
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