Call reports 2019
BANK OF TURTLE LAKE — 2019
What BANK OF TURTLE LAKE reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 50,411,000 | 50,852,000 | 54,473,000 | 52,671,000 |
| Total loans | 37,271,000 | 41,246,000 | 45,372,000 | 42,649,000 |
| Allowance for loan losses | 602,000 | 628,000 | 650,000 | 673,000 |
| Securities available for sale | 4,376,000 | 4,583,000 | 4,659,000 | 4,214,000 |
| Securities held to maturity | 1,000 | 1,000 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,984,000 | 41,382,000 | 42,440,000 | 44,093,000 |
| Interest-bearing deposits | 34,006,000 | 31,946,000 | 32,811,000 | 34,013,000 |
| Noninterest-bearing deposits | 9,978,000 | 9,436,000 | 9,629,000 | 10,080,000 |
| Equity capital | 6,213,000 | 6,353,000 | 6,410,000 | 6,340,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 609,000 | 1,241,000 | 1,950,000 | 2,664,000 |
| Interest expense | 89,000 | 184,000 | 311,000 | 436,000 |
| Net interest income | 520,000 | 1,057,000 | 1,639,000 | 2,228,000 |
| Noninterest income | 31,000 | 72,000 | 130,000 | 149,000 |
| Noninterest expense | 333,000 | 681,000 | 1,030,000 | 1,563,000 |
| Provision for loan losses | 22,000 | 45,000 | 67,000 | 90,000 |
| Pretax income | 195,000 | 403,000 | 671,000 | 724,000 |
| Income tax | 46,000 | 95,000 | 162,000 | 183,000 |
| Net income | 149,000 | 308,000 | 509,000 | 541,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,220,000 | 6,328,000 | 6,369,000 | 6,301,000 |
| Total capital | 6,742,000 | 6,883,000 | 6,964,000 | 6,872,000 |
| Risk-weighted assets | 41,708,000 | 44,353,000 | 47,578,000 | 45,550,000 |