Call reports 2003
NORTHLAND FINANCIAL — 2003
What NORTHLAND FINANCIAL reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 63,263,000 | 62,852,000 | 62,629,000 | 64,507,000 |
| Total loans | 41,106,000 | 44,818,000 | 46,295,000 | 46,273,000 |
| Allowance for loan losses | 572,000 | 653,000 | 689,000 | 609,000 |
| Securities available for sale | 14,587,000 | 14,416,000 | 13,990,000 | 13,813,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,041,000 | 52,315,000 | 49,926,000 | 53,258,000 |
| Interest-bearing deposits | 48,629,000 | 46,956,000 | 45,164,000 | 47,019,000 |
| Noninterest-bearing deposits | 4,412,000 | 5,359,000 | 4,762,000 | 6,239,000 |
| Equity capital | 4,850,000 | 5,161,000 | 5,276,000 | 5,068,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 941,000 | 1,887,000 | 2,880,000 | 3,862,000 |
| Interest expense | 331,000 | 645,000 | 938,000 | 1,218,000 |
| Net interest income | 610,000 | 1,242,000 | 1,942,000 | 2,644,000 |
| Noninterest income | 88,000 | 238,000 | 348,000 | 441,000 |
| Noninterest expense | 433,000 | 915,000 | 1,404,000 | 1,941,000 |
| Provision for loan losses | 24,000 | 48,000 | 122,000 | 146,000 |
| Pretax income | 254,000 | 543,000 | 796,000 | 1,030,000 |
| Income tax | 18,000 | 39,000 | 54,000 | 72,000 |
| Net income | 236,000 | 504,000 | 742,000 | 958,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,491,000 | 4,777,000 | 5,033,000 | 4,867,000 |
| Total capital | 5,060,000 | 5,374,000 | 5,645,000 | 5,468,000 |
| Risk-weighted assets | 45,549,000 | 47,725,000 | 48,916,000 | 48,087,000 |