Call reports 2021
BOUNDARY WATERS BANK — 2021
What BOUNDARY WATERS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 131,287,000 | 128,491,000 | 133,679,000 | 117,525,000 |
| Total loans | 89,133,000 | 97,348,000 | 91,911,000 | 94,278,000 |
| Allowance for loan losses | 686,000 | 700,000 | 684,000 | 705,000 |
| Securities available for sale | 6,406,000 | 6,148,000 | 5,904,000 | 5,670,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 113,195,000 | 111,162,000 | 115,868,000 | 100,397,000 |
| Interest-bearing deposits | 86,763,000 | 85,265,000 | 84,778,000 | 77,319,000 |
| Noninterest-bearing deposits | 26,432,000 | 25,897,000 | 31,090,000 | 23,078,000 |
| Equity capital | 14,515,000 | 14,735,000 | 15,027,000 | 15,459,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,267,000 | 2,497,000 | 3,731,000 | 4,918,000 |
| Interest expense | 172,000 | 287,000 | 388,000 | 471,000 |
| Net interest income | 1,095,000 | 2,210,000 | 3,343,000 | 4,447,000 |
| Noninterest income | 146,000 | 208,000 | 454,000 | 638,000 |
| Noninterest expense | 992,000 | 1,849,000 | 2,832,000 | 3,455,000 |
| Provision for loan losses | 32,000 | 41,000 | 41,000 | 56,000 |
| Pretax income | 217,000 | 528,000 | 924,000 | 1,574,000 |
| Income tax | 42,000 | 135,000 | 253,000 | 444,000 |
| Net income | 175,000 | 393,000 | 671,000 | 1,130,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,943,000 | 14,253,000 | 14,573,000 | 15,046,000 |
| Total capital | 14,629,000 | 14,953,000 | 15,257,000 | 15,751,000 |
| Risk-weighted assets | 97,065,000 | 108,571,000 | 105,054,000 | 108,869,000 |