Call reports 2004
NORTHLAND FINANCIAL — 2004
What NORTHLAND FINANCIAL reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 66,757,000 | 75,211,000 | 82,372,000 | 91,612,000 |
| Total loans | 47,881,000 | 59,162,000 | 64,375,000 | 66,305,000 |
| Allowance for loan losses | 685,000 | 754,000 | 778,000 | 828,000 |
| Securities available for sale | 13,953,000 | 13,505,000 | 12,398,000 | 12,693,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,688,000 | 60,507,000 | 68,666,000 | 78,433,000 |
| Interest-bearing deposits | 50,366,000 | 54,577,000 | 62,607,000 | 71,072,000 |
| Noninterest-bearing deposits | 5,322,000 | 5,930,000 | 6,059,000 | 7,361,000 |
| Equity capital | 5,117,000 | 5,603,000 | 6,609,000 | 6,689,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 965,000 | 2,085,000 | 3,320,000 | 4,674,000 |
| Interest expense | 275,000 | 590,000 | 970,000 | 1,423,000 |
| Net interest income | 690,000 | 1,495,000 | 2,350,000 | 3,251,000 |
| Noninterest income | 111,000 | 182,000 | 259,000 | 370,000 |
| Noninterest expense | 679,000 | 1,370,000 | 2,159,000 | 2,931,000 |
| Provision for loan losses | 69,000 | 138,000 | 207,000 | 276,000 |
| Pretax income | 57,000 | 173,000 | 247,000 | 418,000 |
| Income tax | 4,000 | 12,000 | 17,000 | 29,000 |
| Net income | 53,000 | 161,000 | 230,000 | 389,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,936,000 | 5,562,000 | 6,523,000 | 6,700,000 |
| Total capital | 5,584,000 | 6,316,000 | 7,301,000 | 7,528,000 |
| Risk-weighted assets | 51,789,000 | 61,983,000 | 69,264,000 | 73,333,000 |