Call reports 2023
BOUNDARY WATERS BANK — 2023
What BOUNDARY WATERS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Total assets | 109,167,000 | 112,000,000 |
| Total loans | 90,377,000 | 93,094,000 |
| Allowance for loan losses | 1,538,000 | 1,584,000 |
| Securities available for sale | 4,763,000 | 4,625,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 86,841,000 | 83,900,000 |
| Interest-bearing deposits | 66,429,000 | 61,675,000 |
| Noninterest-bearing deposits | 20,412,000 | 22,225,000 |
| Equity capital | 11,932,000 | 11,991,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Interest income | 1,872,000 | 3,894,000 |
| Interest expense | 193,000 | 472,000 |
| Net interest income | 1,679,000 | 3,422,000 |
| Noninterest income | 51,000 | 87,000 |
| Noninterest expense | 829,000 | 1,743,000 |
| Provision for loan losses | 53,000 | 98,000 |
| Pretax income | 848,000 | 1,668,000 |
| Income tax | 245,000 | 893,000 |
| Net income | 603,000 | 775,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Tier 1 capital | 9,106,000 | 9,345,000 |
| Total capital | 10,369,000 | 10,653,000 |
| Risk-weighted assets | 100,578,000 | 104,207,000 |