Call reports 2020
BANK OF TURTLE LAKE — 2020
What BANK OF TURTLE LAKE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 53,497,000 | 57,142,000 | 57,985,000 | 60,678,000 |
| Total loans | 38,741,000 | 46,320,000 | 46,135,000 | 37,423,000 |
| Allowance for loan losses | 696,000 | 718,000 | 733,000 | 763,000 |
| Securities available for sale | 5,764,000 | 5,701,000 | 4,993,000 | 6,837,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,813,000 | 49,313,000 | 51,072,000 | 53,903,000 |
| Interest-bearing deposits | 37,099,000 | 30,611,000 | 39,129,000 | 41,099,000 |
| Noninterest-bearing deposits | 9,714,000 | 18,702,000 | 11,943,000 | 12,804,000 |
| Equity capital | 6,424,000 | 6,593,000 | 6,588,000 | 6,546,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 644,000 | 1,357,000 | 2,035,000 | 2,660,000 |
| Interest expense | 109,000 | 219,000 | 332,000 | 446,000 |
| Net interest income | 535,000 | 1,138,000 | 1,703,000 | 2,214,000 |
| Noninterest income | 27,000 | 63,000 | 87,000 | 119,000 |
| Noninterest expense | 388,000 | 783,000 | 1,178,000 | 1,702,000 |
| Provision for loan losses | 23,000 | 45,000 | 67,000 | 90,000 |
| Pretax income | 151,000 | 373,000 | 545,000 | 541,000 |
| Income tax | 34,000 | 70,000 | 118,000 | 114,000 |
| Net income | 117,000 | 303,000 | 427,000 | 427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,352,000 | 6,473,000 | 6,469,000 | 6,428,000 |