Call reports 2016
BOUNDARY WATERS BANK — 2016
What BOUNDARY WATERS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 119,537,000 | 116,494,000 | 125,791,000 | 115,743,000 |
| Total loans | 95,464,000 | 92,324,000 | 90,348,000 | 92,161,000 |
| Allowance for loan losses | 456,000 | 458,000 | 513,000 | 565,000 |
| Securities available for sale | 11,998,000 | 11,257,000 | 13,163,000 | 12,170,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,505,000 | 93,301,000 | 102,439,000 | 92,284,000 |
| Interest-bearing deposits | 82,782,000 | 80,991,000 | 88,554,000 | 79,325,000 |
| Noninterest-bearing deposits | 12,723,000 | 12,310,000 | 13,885,000 | 12,959,000 |
| Equity capital | 10,422,000 | 11,551,000 | 11,674,000 | 11,661,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,551,000 | 2,929,000 | 4,198,000 | 5,453,000 |
| Interest expense | 192,000 | 390,000 | 595,000 | 800,000 |
| Net interest income | 1,359,000 | 2,539,000 | 3,603,000 | 4,653,000 |
| Noninterest income | 64,000 | 285,000 | 322,000 | -576,000 |
| Noninterest expense | 1,189,000 | 3,196,000 | 4,103,000 | 4,125,000 |
| Provision for loan losses | 100,000 | 209,000 | 259,000 | 314,000 |
| Pretax income | 134,000 | -581,000 | -437,000 | -362,000 |
| Income tax | 0 | -1,827,000 | -1,783,000 | -1,747,000 |
| Net income | 134,000 | 1,246,000 | 1,346,000 | 1,385,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,210,000 | 10,497,000 | 10,627,000 | 10,662,000 |
| Total capital | 10,666,000 | 10,955,000 | 11,140,000 | 11,227,000 |
| Risk-weighted assets | 91,023,000 | 88,538,000 | 88,090,000 | 87,497,000 |