Call reports 2008
NORTHLAND FINANCIAL — 2008
What NORTHLAND FINANCIAL 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 | 169,584,000 | 158,876,000 | 157,593,000 | 153,670,000 |
| Total loans | 118,754,000 | 124,937,000 | 128,683,000 | 126,084,000 |
| Allowance for loan losses | 1,673,000 | 1,741,000 | 1,735,000 | 1,471,000 |
| Securities available for sale | 13,828,000 | 11,866,000 | 8,060,000 | 4,868,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 151,029,000 | 140,609,000 | 139,965,000 | 137,412,000 |
| Interest-bearing deposits | 131,787,000 | 129,318,000 | 129,911,000 | 124,984,000 |
| Noninterest-bearing deposits | 19,242,000 | 11,291,000 | 10,054,000 | 12,428,000 |
| Equity capital | 12,177,000 | 12,186,000 | 12,399,000 | 12,057,000 |
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 | 2,766,000 | 5,457,000 | 8,195,000 | 10,748,000 |
| Interest expense | 1,404,000 | 2,589,000 | 3,723,000 | 4,804,000 |
| Net interest income | 1,362,000 | 2,868,000 | 4,472,000 | 5,944,000 |
| Noninterest income | 154,000 | 225,000 | 308,000 | 346,000 |
| Noninterest expense | 1,303,000 | 2,488,000 | 3,799,000 | 4,871,000 |
| Provision for loan losses | 64,000 | 304,000 | 454,000 | 1,254,000 |
| Pretax income | 149,000 | 301,000 | 527,000 | 165,000 |
| Income tax | 6,000 | 8,000 | 19,000 | 5,000 |
| Net income | 143,000 | 293,000 | 508,000 | 160,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,946,000 | 12,095,000 | 12,311,000 | 11,963,000 |
| Total capital | 13,551,000 | 13,731,000 | 13,986,000 | 13,434,000 |
| Risk-weighted assets | 128,292,000 | 130,812,000 | 133,978,000 | 130,749,000 |