Call reports 2023
MINNESOTA LAKES BANK — 2023
What MINNESOTA LAKES BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 132,549,000 | 152,070,000 | 138,525,000 | 141,257,000 |
| Total loans | 71,082,000 | 71,002,000 | 70,176,000 | 76,899,000 |
| Allowance for loan losses | 583,000 | 581,000 | 541,000 | 557,000 |
| Securities available for sale | 50,044,000 | 47,704,000 | 44,726,000 | 36,779,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,107,000 | 139,591,000 | 125,553,000 | 127,296,000 |
| Interest-bearing deposits | 81,009,000 | 90,814,000 | 86,550,000 | 85,607,000 |
| Noninterest-bearing deposits | 39,098,000 | 48,777,000 | 39,003,000 | 41,689,000 |
| Equity capital | 11,748,000 | 11,662,000 | 11,952,000 | 12,909,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,347,000 | 2,763,000 | 4,342,000 | 6,033,000 |
| Interest expense | 37,000 | 148,000 | 284,000 | 425,000 |
| Net interest income | 1,310,000 | 2,615,000 | 4,058,000 | 5,608,000 |
| Noninterest income | 170,000 | 447,000 | 702,000 | 938,000 |
| Noninterest expense | 1,286,000 | 2,570,000 | 3,859,000 | 5,102,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 194,000 | 492,000 | 901,000 | 1,444,000 |
| Income tax | -10,000 | 20,000 | 50,000 | 105,000 |
| Net income | 204,000 | 472,000 | 851,000 | 1,339,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,211,000 | 11,336,000 | 11,574,000 | 11,919,000 |
| Total capital | 11,805,000 | 11,930,000 | 12,155,000 | 12,502,000 |
| Risk-weighted assets | 80,541,000 | 82,371,000 | 81,815,000 | 86,009,000 |