Call reports 2018
BANK OF TURTLE LAKE — 2018
What BANK OF TURTLE LAKE reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 51,590,000 | 51,226,000 | 52,824,000 | 49,470,000 |
| Total loans | 37,940,000 | 42,208,000 | 43,661,000 | 40,065,000 |
| Allowance for loan losses | 506,000 | 541,000 | 501,000 | 579,000 |
| Securities available for sale | 5,091,000 | 5,240,000 | 4,109,000 | 4,540,000 |
| Securities held to maturity | 26,000 | 1,000 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,557,000 | 43,259,000 | 42,268,000 | 43,189,000 |
| Interest-bearing deposits | 34,792,000 | 32,817,000 | 32,524,000 | 32,943,000 |
| Noninterest-bearing deposits | 10,765,000 | 10,442,000 | 9,744,000 | 10,246,000 |
| Equity capital | 5,848,000 | 6,011,000 | 6,171,000 | 6,086,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 580,000 | 1,227,000 | 1,905,000 | 2,576,000 |
| Interest expense | 79,000 | 163,000 | 262,000 | 365,000 |
| Net interest income | 501,000 | 1,064,000 | 1,643,000 | 2,211,000 |
| Noninterest income | 41,000 | 72,000 | 95,000 | 132,000 |
| Noninterest expense | 321,000 | 659,000 | 1,000,000 | 1,467,000 |
| Provision for loan losses | 23,000 | 45,000 | 67,000 | 90,000 |
| Pretax income | 198,000 | 432,000 | 671,000 | 786,000 |
| Income tax | 54,000 | 113,000 | 169,000 | 196,000 |
| Net income | 144,000 | 319,000 | 502,000 | 590,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,888,000 | 6,058,000 | 6,235,000 | 6,124,000 |
| Total capital | 6,393,000 | 6,599,000 | 6,736,000 | 6,663,000 |
| Risk-weighted assets | 42,567,000 | 46,232,000 | 46,403,000 | 43,086,000 |