Call reports 2016
BANK OF TURTLE LAKE — 2016
What BANK OF TURTLE LAKE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 52,313,000 | 50,700,000 | 50,876,000 | 48,355,000 |
| Total loans | 39,540,000 | 39,275,000 | 38,871,000 | 36,287,000 |
| Allowance for loan losses | 444,000 | 392,000 | 336,000 | 283,000 |
| Securities available for sale | 7,395,000 | 7,031,000 | 6,107,000 | 5,863,000 |
| Securities held to maturity | 87,000 | 57,000 | 56,000 | 56,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,819,000 | 41,929,000 | 42,206,000 | 42,726,000 |
| Interest-bearing deposits | 34,650,000 | 31,911,000 | 32,904,000 | 33,085,000 |
| Noninterest-bearing deposits | 9,169,000 | 10,018,000 | 9,302,000 | 9,641,000 |
| Equity capital | 5,071,000 | 5,266,000 | 5,402,000 | 5,363,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 570,000 | 1,143,000 | 1,735,000 | 2,296,000 |
| Interest expense | 85,000 | 166,000 | 247,000 | 328,000 |
| Net interest income | 485,000 | 977,000 | 1,488,000 | 1,968,000 |
| Noninterest income | 27,000 | 97,000 | 126,000 | 157,000 |
| Noninterest expense | 274,000 | 546,000 | 838,000 | 1,230,000 |
| Provision for loan losses | 9,000 | 18,000 | 33,000 | 48,000 |
| Pretax income | 229,000 | 510,000 | 743,000 | 847,000 |
| Income tax | 82,000 | 184,000 | 268,000 | 325,000 |
| Net income | 147,000 | 326,000 | 475,000 | 522,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,025,000 | 5,199,000 | 5,343,000 | 5,360,000 |
| Total capital | 5,469,000 | 5,591,000 | 5,679,000 | 5,643,000 |
| Risk-weighted assets | 44,259,000 | 42,780,000 | 42,780,000 | 41,313,000 |