Call reports 2012
BOUNDARY WATERS BANK — 2012
What BOUNDARY WATERS BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 108,095,000 | 112,014,000 | 106,832,000 | 112,003,000 |
| Total loans | 82,009,000 | 79,021,000 | 77,366,000 | 79,156,000 |
| Allowance for loan losses | 2,710,000 | 2,429,000 | 1,629,000 | 1,667,000 |
| Securities available for sale | 7,993,000 | 7,152,000 | 10,910,000 | 17,932,000 |
| Securities held to maturity | 183,000 | 183,000 | 183,000 | 183,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,459,000 | 106,351,000 | 102,066,000 | 105,158,000 |
| Interest-bearing deposits | 91,611,000 | 94,856,000 | 89,928,000 | 94,420,000 |
| Noninterest-bearing deposits | 10,848,000 | 11,495,000 | 12,138,000 | 10,738,000 |
| Equity capital | 3,515,000 | 3,576,000 | 3,657,000 | 3,764,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 1,772,000 | 3,233,000 | 4,535,000 | 5,992,000 |
| Interest expense | 248,000 | 479,000 | 690,000 | 879,000 |
| Net interest income | 1,524,000 | 2,754,000 | 3,845,000 | 5,113,000 |
| Noninterest income | -193,000 | -238,000 | -162,000 | -292,000 |
| Noninterest expense | 1,054,000 | 2,101,000 | 3,408,000 | 4,360,000 |
| Provision for loan losses | 640,000 | 757,000 | 567,000 | 630,000 |
| Pretax income | -363,000 | -293,000 | -217,000 | -72,000 |
| Income tax | 0 | 0 | 4,000 | 5,000 |
| Net income | -363,000 | -293,000 | -221,000 | -77,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,462,000 | 3,531,000 | 3,603,000 | 3,747,000 |
| Total capital | 4,577,000 | 4,592,000 | 4,572,000 | 4,740,000 |
| Risk-weighted assets | 87,578,000 | 83,283,000 | 76,664,000 | 78,567,000 |