Call reports 2011
BOUNDARY WATERS BANK — 2011
What BOUNDARY WATERS BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 115,756,000 | 114,361,000 | 113,688,000 | 110,477,000 |
| Total loans | 86,961,000 | 87,208,000 | 88,307,000 | 86,309,000 |
| Allowance for loan losses | 3,892,000 | 3,785,000 | 2,717,000 | 2,366,000 |
| Securities available for sale | 5,286,000 | 7,529,000 | 7,963,000 | 7,423,000 |
| Securities held to maturity | 205,000 | 205,000 | 205,000 | 205,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,476,000 | 102,267,000 | 103,577,000 | 100,661,000 |
| Interest-bearing deposits | 89,248,000 | 90,868,000 | 90,893,000 | 89,701,000 |
| Noninterest-bearing deposits | 11,228,000 | 11,399,000 | 12,684,000 | 10,960,000 |
| Equity capital | 7,799,000 | 6,480,000 | 6,087,000 | 3,849,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,278,000 | 2,601,000 | 4,032,000 | 5,461,000 |
| Interest expense | 329,000 | 648,000 | 941,000 | 1,215,000 |
| Net interest income | 949,000 | 1,953,000 | 3,091,000 | 4,246,000 |
| Noninterest income | -25,000 | -534,000 | -643,000 | -1,450,000 |
| Noninterest expense | 785,000 | 2,281,000 | 3,691,000 | 4,783,000 |
| Provision for loan losses | 152,000 | 470,000 | 472,000 | 1,980,000 |
| Pretax income | -13,000 | -1,332,000 | -1,715,000 | -3,967,000 |
| Income tax | 2,000 | 2,000 | 6,000 | 7,000 |
| Net income | -15,000 | -1,334,000 | -1,721,000 | -3,974,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,782,000 | 6,463,000 | 6,077,000 | 3,824,000 |
| Total capital | 9,021,000 | 7,689,000 | 7,271,000 | 4,979,000 |
| Risk-weighted assets | 95,693,000 | 95,053,000 | 93,565,000 | 90,805,000 |