Call reports 2008
BOUNDARY WATERS BANK — 2008
What BOUNDARY WATERS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 143,367,000 | 142,431,000 | 135,599,000 | 144,942,000 |
| Total loans | 121,147,000 | 123,042,000 | 120,033,000 | 122,661,000 |
| Allowance for loan losses | 1,320,000 | 1,400,000 | 1,521,000 | 1,955,000 |
| Securities available for sale | 11,957,000 | 8,412,000 | 4,498,000 | 4,351,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,508,000 | 108,829,000 | 108,421,000 | 112,096,000 |
| Interest-bearing deposits | 96,679,000 | 98,051,000 | 97,068,000 | 101,282,000 |
| Noninterest-bearing deposits | 12,829,000 | 10,779,000 | 11,353,000 | 10,814,000 |
| Equity capital | 14,761,000 | 14,858,000 | 14,937,000 | 14,565,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,436,000 | 4,756,000 | 6,978,000 | 9,031,000 |
| Interest expense | 1,126,000 | 2,138,000 | 3,044,000 | 3,904,000 |
| Net interest income | 1,310,000 | 2,618,000 | 3,934,000 | 5,127,000 |
| Noninterest income | 118,000 | 255,000 | 312,000 | 342,000 |
| Noninterest expense | 1,011,000 | 2,006,000 | 3,001,000 | 4,116,000 |
| Provision for loan losses | 0 | 75,000 | 375,000 | 1,175,000 |
| Pretax income | 417,000 | 792,000 | 872,000 | 180,000 |
| Income tax | 169,000 | 323,000 | 357,000 | 79,000 |
| Net income | 248,000 | 469,000 | 515,000 | 101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,707,000 | 13,928,000 | 13,974,000 | 13,812,000 |
| Total capital | 15,027,000 | 15,328,000 | 15,495,000 | 15,420,000 |
| Risk-weighted assets | 125,992,000 | 126,988,000 | 123,142,000 | 128,327,000 |
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