Call reports 2008
MINNESOTA LAKES BANK — 2008
What MINNESOTA LAKES BANK 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 | 57,837,000 | 64,861,000 | 65,434,000 | 66,929,000 |
| Total loans | 29,299,000 | 30,075,000 | 31,143,000 | 29,581,000 |
| Allowance for loan losses | 177,000 | 201,000 | 199,000 | 199,000 |
| Securities available for sale | 23,547,000 | 29,099,000 | 28,634,000 | 27,996,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,197,000 | 49,928,000 | 49,374,000 | 52,422,000 |
| Interest-bearing deposits | 40,337,000 | 39,327,000 | 38,889,000 | 42,002,000 |
| Noninterest-bearing deposits | 9,860,000 | 10,601,000 | 10,485,000 | 10,420,000 |
| Equity capital | 7,042,000 | 6,236,000 | 6,646,000 | 6,932,000 |
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 | 880,000 | 1,761,000 | 2,678,000 | 3,590,000 |
| Interest expense | 249,000 | 493,000 | 743,000 | 991,000 |
| Net interest income | 631,000 | 1,268,000 | 1,935,000 | 2,599,000 |
| Noninterest income | 172,000 | 362,000 | 557,000 | 738,000 |
| Noninterest expense | 600,000 | 1,223,000 | 1,806,000 | 2,498,000 |
| Provision for loan losses | 6,000 | 10,000 | 10,000 | 235,000 |
| Pretax income | 232,000 | 436,000 | 720,000 | 703,000 |
| Income tax | -16,000 | -16,000 | -16,000 | -16,000 |
| Net income | 248,000 | 452,000 | 736,000 | 719,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,832,000 | 6,916,000 | 7,126,000 | 7,054,000 |
| Total capital | 7,009,000 | 7,117,000 | 7,325,000 | 7,253,000 |
| Risk-weighted assets | 34,828,000 | 40,139,000 | 40,208,000 | 38,410,000 |