Call reports 2018
BOUNDARY WATERS BANK — 2018
What BOUNDARY WATERS BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 121,461,000 | 118,625,000 | 112,061,000 | 111,044,000 |
| Total loans | 102,934,000 | 97,625,000 | 95,151,000 | 94,572,000 |
| Allowance for loan losses | 687,000 | 695,000 | 703,000 | 709,000 |
| Securities available for sale | 7,613,000 | 6,285,000 | 5,933,000 | 4,297,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,543,000 | 89,480,000 | 91,033,000 | 83,080,000 |
| Interest-bearing deposits | 79,838,000 | 74,969,000 | 73,133,000 | 69,494,000 |
| Noninterest-bearing deposits | 14,705,000 | 14,511,000 | 17,900,000 | 13,586,000 |
| Equity capital | 12,143,000 | 12,678,000 | 12,930,000 | 13,131,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,489,000 | 3,005,000 | 4,445,000 | 5,860,000 |
| Interest expense | 252,000 | 533,000 | 810,000 | 1,084,000 |
| Net interest income | 1,237,000 | 2,472,000 | 3,635,000 | 4,776,000 |
| Noninterest income | 93,000 | 325,000 | 470,000 | 565,000 |
| Noninterest expense | 888,000 | 1,916,000 | 2,816,000 | 3,787,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 442,000 | 881,000 | 1,289,000 | 1,525,000 |
| Income tax | 161,000 | 79,000 | 249,000 | 325,000 |
| Net income | 281,000 | 802,000 | 1,040,000 | 1,200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,411,000 | 11,876,000 | 11,877,000 | 12,125,000 |
| Total capital | 12,098,000 | 12,571,000 | 12,580,000 | 12,834,000 |
| Risk-weighted assets | 103,492,000 | 100,313,000 | 97,057,000 | 98,645,000 |