Call reports 2024
MINNESOTA LAKES BANK — 2024
What MINNESOTA LAKES BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 128,489,000 | 135,740,000 | 137,991,000 | 133,426,000 |
| Total loans | 78,874,000 | 79,539,000 | 80,474,000 | 84,488,000 |
| Allowance for loan losses | 549,000 | 592,000 | 625,000 | 617,000 |
| Securities available for sale | 32,804,000 | 31,928,000 | 27,823,000 | 28,044,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 114,189,000 | 121,052,000 | 122,500,000 | 117,577,000 |
| Interest-bearing deposits | 77,559,000 | 85,144,000 | 83,171,000 | 82,820,000 |
| Noninterest-bearing deposits | 36,630,000 | 35,908,000 | 39,329,000 | 34,757,000 |
| Equity capital | 13,249,000 | 13,569,000 | 14,401,000 | 14,870,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,595,000 | 3,212,000 | 4,974,000 | 6,939,000 |
| Interest expense | 95,000 | 194,000 | 292,000 | 376,000 |
| Net interest income | 1,500,000 | 3,018,000 | 4,682,000 | 6,563,000 |
| Noninterest income | 196,000 | 489,000 | 779,000 | 1,020,000 |
| Noninterest expense | 1,218,000 | 2,481,000 | 3,745,000 | 4,993,000 |
| Provision for loan losses | 0 | 37,000 | 70,000 | 63,000 |
| Pretax income | 448,000 | 951,000 | 1,626,000 | 2,500,000 |
| Income tax | 31,000 | 68,000 | 106,000 | 273,000 |
| Net income | 417,000 | 883,000 | 1,520,000 | 2,227,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,194,000 | 12,369,000 | 12,789,000 | 13,246,000 |
| Total capital | 12,805,000 | 13,024,000 | 13,460,000 | 13,916,000 |
| Risk-weighted assets | 87,570,000 | 86,464,000 | 87,177,000 | 90,812,000 |