Call reports 2010
BANK OF TURTLE LAKE — 2010
What BANK OF TURTLE LAKE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 29,458,000 | 30,474,000 | 31,154,000 | 32,418,000 |
| Total loans | 20,438,000 | 21,524,000 | 21,337,000 | 20,311,000 |
| Allowance for loan losses | 356,000 | 360,000 | 366,000 | 372,000 |
| Securities available for sale | 3,797,000 | 3,670,000 | 5,608,000 | 6,877,000 |
| Securities held to maturity | 324,000 | 243,000 | 243,000 | 242,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,698,000 | 27,651,000 | 28,252,000 | 29,593,000 |
| Interest-bearing deposits | 21,996,000 | 23,261,000 | 23,318,000 | 24,622,000 |
| Noninterest-bearing deposits | 4,702,000 | 4,390,000 | 4,934,000 | 4,971,000 |
| Equity capital | 2,607,000 | 2,654,000 | 2,693,000 | 2,671,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 367,000 | 715,000 | 1,091,000 | 1,472,000 |
| Interest expense | 118,000 | 234,000 | 354,000 | 464,000 |
| Net interest income | 249,000 | 481,000 | 737,000 | 1,008,000 |
| Noninterest income | 23,000 | 56,000 | 80,000 | 108,000 |
| Noninterest expense | 190,000 | 405,000 | 615,000 | 874,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 76,000 | 120,000 | 184,000 | 218,000 |
| Income tax | 25,000 | 39,000 | 65,000 | 72,000 |
| Net income | 51,000 | 81,000 | 119,000 | 146,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,563,000 | 2,586,000 | 2,616,000 | 2,635,000 |
| Total capital | 2,808,000 | 2,849,000 | 2,875,000 | 2,882,000 |
| Risk-weighted assets | 22,595,000 | 23,225,000 | 23,306,000 | 22,731,000 |