Call reports 2020
BOUNDARY WATERS BANK — 2020
What BOUNDARY WATERS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 113,348,000 | 123,167,000 | 131,664,000 | 129,335,000 |
| Total loans | 92,202,000 | 94,565,000 | 90,085,000 | 92,314,000 |
| Allowance for loan losses | 660,000 | 673,000 | 678,000 | 679,000 |
| Securities available for sale | 2,778,000 | 2,618,000 | 4,362,000 | 5,647,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,722,000 | 104,718,000 | 113,229,000 | 111,758,000 |
| Interest-bearing deposits | 74,613,000 | 78,471,000 | 86,182,000 | 85,683,000 |
| Noninterest-bearing deposits | 21,109,000 | 26,247,000 | 27,047,000 | 26,076,000 |
| Equity capital | 14,091,000 | 14,157,000 | 14,306,000 | 14,374,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,466,000 | 2,819,000 | 4,144,000 | 5,413,000 |
| Interest expense | 313,000 | 612,000 | 901,000 | 1,149,000 |
| Net interest income | 1,153,000 | 2,207,000 | 3,243,000 | 4,264,000 |
| Noninterest income | 173,000 | 264,000 | 410,000 | 468,000 |
| Noninterest expense | 1,205,000 | 2,184,000 | 3,162,000 | 4,150,000 |
| Provision for loan losses | 254,000 | 419,000 | 419,000 | 419,000 |
| Pretax income | -133,000 | -132,000 | 72,000 | 163,000 |
| Income tax | -30,000 | -21,000 | 46,000 | 80,000 |
| Net income | -103,000 | -111,000 | 26,000 | 83,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,506,000 | 13,559,000 | 13,724,000 | 13,808,000 |
| Total capital | 14,166,000 | 14,232,000 | 14,402,000 | 14,487,000 |
| Risk-weighted assets | 107,244,000 | 98,477,000 | 95,113,000 | 99,607,000 |