Call reports 2011
NORTH COUNTRY BANK — 2011
What NORTH COUNTRY BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 59,565,000 | 57,786,000 | 57,056,000 | 63,241,000 |
| Total loans | 27,206,000 | 31,505,000 | 31,894,000 | 34,271,000 |
| Allowance for loan losses | 374,000 | 372,000 | 386,000 | 404,000 |
| Securities available for sale | 13,389,000 | 13,327,000 | 14,439,000 | 15,221,000 |
| Securities held to maturity | 1,612,000 | 1,424,000 | 1,420,000 | 1,416,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,268,000 | 50,228,000 | 49,134,000 | 55,388,000 |
| Interest-bearing deposits | 40,644,000 | 38,834,000 | 37,566,000 | 40,349,000 |
| Noninterest-bearing deposits | 11,624,000 | 11,394,000 | 11,568,000 | 15,039,000 |
| Equity capital | 6,169,000 | 6,349,000 | 6,652,000 | 6,786,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 560,000 | 1,155,000 | 1,778,000 | 2,373,000 |
| Interest expense | 104,000 | 198,000 | 289,000 | 367,000 |
| Net interest income | 456,000 | 957,000 | 1,489,000 | 2,006,000 |
| Noninterest income | 62,000 | 123,000 | 180,000 | 244,000 |
| Noninterest expense | 378,000 | 756,000 | 1,113,000 | 1,516,000 |
| Provision for loan losses | 0 | 0 | 15,000 | 33,000 |
| Pretax income | 140,000 | 324,000 | 541,000 | 701,000 |
| Income tax | 12,000 | 24,000 | 36,000 | 44,000 |
| Net income | 128,000 | 300,000 | 505,000 | 657,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,911,000 | 5,946,000 | 6,086,000 | 6,190,000 |
| Total capital | 6,285,000 | 6,318,000 | 6,472,000 | 6,594,000 |
| Risk-weighted assets | 36,054,000 | 39,105,000 | 39,706,000 | 40,949,000 |