Call reports 2008
MINNWEST BANK CENTRAL — 2008
What MINNWEST BANK CENTRAL reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 290,369,000 | 322,374,000 | 314,289,000 | 328,437,000 |
| Total loans | 249,561,000 | 277,093,000 | 259,138,000 | 261,453,000 |
| Allowance for loan losses | 1,769,000 | 1,823,000 | 1,994,000 | 3,013,000 |
| Securities available for sale | 25,807,000 | 24,832,000 | 25,924,000 | 27,526,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 234,383,000 | 258,333,000 | 253,836,000 | 270,777,000 |
| Interest-bearing deposits | 217,028,000 | 240,260,000 | 234,977,000 | 244,630,000 |
| Noninterest-bearing deposits | 17,355,000 | 18,073,000 | 18,859,000 | 26,147,000 |
| Equity capital | 26,764,000 | 27,413,000 | 27,675,000 | 27,693,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 4,772,000 | 9,419,000 | 13,999,000 | 18,483,000 |
| Interest expense | 2,278,000 | 4,382,000 | 6,398,000 | 8,348,000 |
| Net interest income | 2,494,000 | 5,037,000 | 7,601,000 | 10,135,000 |
| Noninterest income | 264,000 | 538,000 | 842,000 | 1,126,000 |
| Noninterest expense | 1,504,000 | 2,892,000 | 4,598,000 | 6,335,000 |
| Provision for loan losses | 26,000 | 94,000 | 1,769,000 | 2,894,000 |
| Pretax income | 1,228,000 | 2,589,000 | 2,076,000 | 2,032,000 |
| Income tax | 463,000 | 975,000 | 733,000 | 667,000 |
| Net income | 765,000 | 1,614,000 | 1,343,000 | 1,365,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,998,000 | 26,868,000 | 27,119,000 | 27,162,000 |
| Total capital | 27,767,000 | 28,691,000 | 29,113,000 | 30,175,000 |
| Risk-weighted assets | 252,758,000 | 287,036,000 | 274,403,000 | 276,672,000 |