Call reports 2008
BANK OF TURTLE LAKE — 2008
What BANK OF TURTLE LAKE 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 | 61,409,000 | 63,498,000 | 60,868,000 | 57,995,000 |
| Total loans | 33,736,000 | 34,635,000 | 33,575,000 | 33,523,000 |
| Allowance for loan losses | 362,000 | 351,000 | 365,000 | 379,000 |
| Securities available for sale | 14,647,000 | 15,853,000 | 16,092,000 | 14,836,000 |
| Securities held to maturity | 1,938,000 | 844,000 | 843,000 | 691,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,810,000 | 57,165,000 | 54,447,000 | 51,355,000 |
| Interest-bearing deposits | 46,093,000 | 46,339,000 | 45,503,000 | 42,686,000 |
| Noninterest-bearing deposits | 8,717,000 | 10,825,000 | 8,944,000 | 8,669,000 |
| Equity capital | 6,306,000 | 6,014,000 | 6,074,000 | 6,408,000 |
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 | 876,000 | 1,734,000 | 2,572,000 | 3,378,000 |
| Interest expense | 357,000 | 661,000 | 924,000 | 1,163,000 |
| Net interest income | 519,000 | 1,073,000 | 1,648,000 | 2,215,000 |
| Noninterest income | 103,000 | 151,000 | 208,000 | 271,000 |
| Noninterest expense | 496,000 | 945,000 | 1,440,000 | 1,946,000 |
| Provision for loan losses | 15,000 | 67,000 | 95,000 | 105,000 |
| Pretax income | 112,000 | 213,000 | 323,000 | 446,000 |
| Income tax | 6,000 | 13,000 | 20,000 | 24,000 |
| Net income | 106,000 | 200,000 | 303,000 | 422,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,118,000 | 6,088,000 | 6,121,000 | 6,140,000 |
| Total capital | 6,480,000 | 6,439,000 | 6,486,000 | 6,519,000 |
| Risk-weighted assets | 33,534,000 | 34,816,000 | 33,886,000 | 33,236,000 |