Call reports 2010
BOUNDARY WATERS BANK — 2010
What BOUNDARY WATERS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 127,771,000 | 129,416,000 | 135,772,000 | 117,073,000 |
| Total loans | 103,733,000 | 103,062,000 | 97,892,000 | 94,432,000 |
| Allowance for loan losses | 2,309,000 | 2,208,000 | 4,133,000 | 4,907,000 |
| Securities available for sale | 2,224,000 | 2,684,000 | 2,833,000 | 3,873,000 |
| Securities held to maturity | 205,000 | 205,000 | 205,000 | 205,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,663,000 | 108,518,000 | 115,447,000 | 101,529,000 |
| Interest-bearing deposits | 96,693,000 | 98,224,000 | 103,642,000 | 90,372,000 |
| Noninterest-bearing deposits | 9,970,000 | 10,294,000 | 11,805,000 | 11,157,000 |
| Equity capital | 14,779,000 | 14,654,000 | 13,093,000 | 7,822,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,584,000 | 3,159,000 | 4,641,000 | 6,046,000 |
| Interest expense | 456,000 | 904,000 | 1,363,000 | 1,804,000 |
| Net interest income | 1,128,000 | 2,255,000 | 3,278,000 | 4,242,000 |
| Noninterest income | -69,000 | -338,000 | -380,000 | -975,000 |
| Noninterest expense | 819,000 | 1,807,000 | 2,797,000 | 5,146,000 |
| Provision for loan losses | 150,000 | 225,000 | 2,885,000 | 4,016,000 |
| Pretax income | 90,000 | -115,000 | -2,784,000 | -5,895,000 |
| Income tax | 36,000 | -47,000 | -1,147,000 | 1,007,000 |
| Net income | 54,000 | -68,000 | -1,637,000 | -6,902,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,554,000 | 13,348,000 | 10,276,000 | 7,798,000 |
| Total capital | 14,981,000 | 14,778,000 | 11,623,000 | 9,098,000 |
| Risk-weighted assets | 113,272,000 | 113,616,000 | 104,306,000 | 99,679,000 |