Call reports 2019
BOUNDARY WATERS BANK — 2019
What BOUNDARY WATERS BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 108,315,000 | 112,613,000 | 111,157,000 | 107,595,000 |
| Total loans | 92,300,000 | 96,316,000 | 95,748,000 | 87,738,000 |
| Allowance for loan losses | 715,000 | 722,000 | 727,000 | 734,000 |
| Securities available for sale | 4,011,000 | 3,707,000 | 3,401,000 | 3,143,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,015,000 | 77,499,000 | 84,496,000 | 89,786,000 |
| Interest-bearing deposits | 61,272,000 | 60,693,000 | 65,927,000 | 72,736,000 |
| Noninterest-bearing deposits | 14,743,000 | 16,805,000 | 18,569,000 | 17,050,000 |
| Equity capital | 13,364,000 | 13,596,000 | 13,895,000 | 14,222,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,403,000 | 2,866,000 | 4,369,000 | 5,769,000 |
| Interest expense | 271,000 | 570,000 | 868,000 | 1,167,000 |
| Net interest income | 1,132,000 | 2,296,000 | 3,501,000 | 4,602,000 |
| Noninterest income | 125,000 | 181,000 | 280,000 | 412,000 |
| Noninterest expense | 953,000 | 1,874,000 | 2,776,000 | 3,562,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 304,000 | 603,000 | 1,005,000 | 1,452,000 |
| Income tax | 96,000 | 190,000 | 314,000 | 451,000 |
| Net income | 208,000 | 413,000 | 691,000 | 1,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,646,000 | 12,896,000 | 13,242,000 | 13,581,000 |
| Total capital | 13,361,000 | 13,618,000 | 13,969,000 | 14,315,000 |
| Risk-weighted assets | 96,671,000 | 101,337,000 | 103,703,000 | 93,437,000 |