Call reports 2020
TURTLE MOUNTAIN STATE BANK — 2020
What TURTLE MOUNTAIN STATE BANK 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 | 39,521,000 | 96,760,000 | 85,905,000 | 69,026,000 |
| Total loans | 14,954,000 | 19,335,000 | 20,970,000 | 19,239,000 |
| Allowance for loan losses | 223,000 | 253,000 | 232,000 | 231,000 |
| Securities available for sale | 2,781,000 | 2,600,000 | 2,404,000 | 1,959,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,808,000 | 92,987,000 | 82,324,000 | 65,475,000 |
| Interest-bearing deposits | 15,411,000 | 14,140,000 | 11,827,000 | 12,950,000 |
| Noninterest-bearing deposits | 20,397,000 | 78,847,000 | 70,497,000 | 52,525,000 |
| Equity capital | 3,652,000 | 3,688,000 | 3,506,000 | 3,456,000 |
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 | 284,000 | 631,000 | 925,000 | 1,195,000 |
| Interest expense | 21,000 | 43,000 | 62,000 | 80,000 |
| Net interest income | 263,000 | 588,000 | 863,000 | 1,115,000 |
| Noninterest income | 184,000 | 268,000 | 371,000 | 461,000 |
| Noninterest expense | 374,000 | 710,000 | 1,066,000 | 1,432,000 |
| Provision for loan losses | 23,000 | 45,000 | 63,000 | 85,000 |
| Pretax income | 50,000 | 101,000 | 105,000 | 59,000 |
| Income tax | 0 | 13,000 | 12,000 | 12,000 |
| Net income | 50,000 | 88,000 | 93,000 | 47,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,576,000 | 3,615,000 | 3,436,000 | 3,390,000 |