Call reports 2020
MINNESOTA LAKES BANK — 2020
What MINNESOTA LAKES BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 102,539,000 | 156,408,000 | 160,875,000 | 157,305,000 |
| Total loans | 65,397,000 | 91,160,000 | 91,774,000 | 91,272,000 |
| Allowance for loan losses | 591,000 | 607,000 | 650,000 | 640,000 |
| Securities available for sale | 12,061,000 | 11,534,000 | 10,860,000 | 11,137,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,508,000 | 115,680,000 | 119,981,000 | 122,635,000 |
| Interest-bearing deposits | 64,064,000 | 73,759,000 | 77,710,000 | 81,615,000 |
| Noninterest-bearing deposits | 23,445,000 | 41,921,000 | 42,272,000 | 41,021,000 |
| Equity capital | 12,261,000 | 13,242,000 | 13,379,000 | 12,994,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,074,000 | 2,144,000 | 3,199,000 | 5,045,000 |
| Interest expense | 72,000 | 134,000 | 192,000 | 243,000 |
| Net interest income | 1,002,000 | 2,010,000 | 3,007,000 | 4,802,000 |
| Noninterest income | 303,000 | 1,584,000 | 2,143,000 | 1,500,000 |
| Noninterest expense | 1,169,000 | 2,437,000 | 3,676,000 | 5,002,000 |
| Provision for loan losses | 15,000 | 30,000 | 30,000 | 30,000 |
| Pretax income | 126,000 | 1,132,000 | 1,449,000 | 1,272,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 126,000 | 1,132,000 | 1,449,000 | 1,272,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,490,000 | 10,356,000 | 10,529,000 | 10,211,000 |