Call reports 2022
BOUNDARY WATERS BANK — 2022
What BOUNDARY WATERS BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 114,930,000 | 115,240,000 | 111,416,000 | 105,252,000 |
| Total loans | 95,601,000 | 94,840,000 | 95,831,000 | 93,050,000 |
| Allowance for loan losses | 709,000 | 716,000 | 719,000 | 0 |
| Securities available for sale | 5,355,000 | 5,051,000 | 4,781,000 | 4,751,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,852,000 | 98,901,000 | 94,676,000 | 87,390,000 |
| Interest-bearing deposits | 75,646,000 | 74,136,000 | 72,015,000 | 66,654,000 |
| Noninterest-bearing deposits | 22,206,000 | 24,765,000 | 22,661,000 | 20,736,000 |
| Equity capital | 15,649,000 | 15,861,000 | 16,331,000 | 12,954,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,242,000 | 2,447,000 | 3,985,000 | 422,000 |
| Interest expense | 73,000 | 150,000 | 235,000 | 41,000 |
| Net interest income | 1,169,000 | 2,297,000 | 3,750,000 | 381,000 |
| Noninterest income | 113,000 | 206,000 | 246,000 | 18,000 |
| Noninterest expense | 837,000 | 1,637,000 | 2,435,000 | 206,000 |
| Provision for loan losses | 0 | 1,000 | 1,000 | 0 |
| Pretax income | 445,000 | 865,000 | 1,560,000 | 193,000 |
| Income tax | 132,000 | 256,000 | 372,000 | 86,000 |
| Net income | 313,000 | 609,000 | 1,188,000 | 107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,493,000 | 15,658,000 | 16,248,000 | 10,099,000 |
| Total capital | 16,202,000 | 16,374,000 | 16,967,000 | 10,099,000 |
| Risk-weighted assets | 108,214,000 | 109,753,000 | 106,208,000 | 102,202,000 |