Call reports 2002
NORTHLAND FINANCIAL — 2002
What NORTHLAND FINANCIAL reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 56,029,000 | 55,969,000 | 57,881,000 | 60,307,000 |
| Total loans | 37,768,000 | 41,289,000 | 43,863,000 | 43,603,000 |
| Allowance for loan losses | 537,000 | 562,000 | 530,000 | 556,000 |
| Securities available for sale | 11,701,000 | 11,985,000 | 11,282,000 | 11,220,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,234,000 | 45,728,000 | 45,205,000 | 50,243,000 |
| Interest-bearing deposits | 43,694,000 | 42,158,000 | 41,460,000 | 46,360,000 |
| Noninterest-bearing deposits | 3,540,000 | 3,570,000 | 3,745,000 | 3,883,000 |
| Equity capital | 4,602,000 | 4,910,000 | 5,273,000 | 4,638,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 942,000 | 1,935,000 | 2,932,000 | 3,952,000 |
| Interest expense | 368,000 | 705,000 | 1,042,000 | 1,390,000 |
| Net interest income | 574,000 | 1,230,000 | 1,890,000 | 2,562,000 |
| Noninterest income | 104,000 | 139,000 | 200,000 | 281,000 |
| Noninterest expense | 432,000 | 898,000 | 1,308,000 | 1,840,000 |
| Provision for loan losses | 21,000 | 45,000 | 69,000 | 93,000 |
| Pretax income | 263,000 | 482,000 | 781,000 | 978,000 |
| Income tax | 19,000 | 33,000 | 54,000 | 66,000 |
| Net income | 244,000 | 449,000 | 727,000 | 912,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,520,000 | 4,725,000 | 4,831,000 | 4,234,000 |
| Total capital | 5,057,000 | 5,287,000 | 5,361,000 | 4,790,000 |
| Risk-weighted assets | 43,993,000 | 45,242,000 | 47,586,000 | 46,979,000 |