Call reports 2013
BOUNDARY WATERS BANK — 2013
What BOUNDARY WATERS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 107,454,000 | 108,435,000 | 112,312,000 | 110,835,000 |
| Total loans | 77,094,000 | 81,524,000 | 87,498,000 | 90,600,000 |
| Allowance for loan losses | 1,006,000 | 1,026,000 | 0 | 2,000 |
| Securities available for sale | 14,379,000 | 15,255,000 | 11,977,000 | 10,660,000 |
| Securities held to maturity | 160,000 | 160,000 | 160,000 | 160,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,062,000 | 101,197,000 | 103,444,000 | 101,950,000 |
| Interest-bearing deposits | 89,258,000 | 90,364,000 | 91,028,000 | 91,217,000 |
| Noninterest-bearing deposits | 10,804,000 | 10,833,000 | 12,416,000 | 10,733,000 |
| Equity capital | 3,794,000 | 3,643,000 | 5,271,000 | 5,354,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,272,000 | 2,572,000 | 0 | 1,230,000 |
| Interest expense | 177,000 | 334,000 | 0 | 54,000 |
| Net interest income | 1,095,000 | 2,238,000 | 0 | 1,176,000 |
| Noninterest income | -53,000 | -80,000 | 0 | -3,000 |
| Noninterest expense | 990,000 | 2,119,000 | 0 | 1,125,000 |
| Provision for loan losses | 57,000 | 57,000 | 0 | 0 |
| Pretax income | 27,000 | 23,000 | 0 | 69,000 |
| Income tax | 1,000 | 3,000 | 0 | 4,000 |
| Net income | 26,000 | 20,000 | 0 | 65,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,773,000 | 3,767,000 | 4,807,000 | 4,884,000 |
| Total capital | 4,724,000 | 4,733,000 | 4,807,000 | 4,886,000 |
| Risk-weighted assets | 76,036,000 | 77,085,000 | 80,024,000 | 82,263,000 |