Call reports 2020
MINNWEST BANK — 2020
What MINNWEST 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 | 2,029,061,000 | 2,227,048,000 | 2,213,798,000 | 2,297,562,000 |
| Total loans | 1,673,594,000 | 1,780,383,000 | 1,733,086,000 | 1,678,464,000 |
| Allowance for loan losses | 27,570,000 | 28,046,000 | 28,200,000 | 28,724,000 |
| Securities available for sale | 116,072,000 | 105,722,000 | 114,805,000 | 138,810,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,712,421,000 | 1,886,805,000 | 1,920,529,000 | 1,997,409,000 |
| Interest-bearing deposits | 1,374,646,000 | 1,420,220,000 | 1,443,317,000 | 1,472,495,000 |
| Noninterest-bearing deposits | 337,775,000 | 466,585,000 | 477,212,000 | 524,914,000 |
| Equity capital | 234,492,000 | 241,785,000 | 244,467,000 | 247,286,000 |
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 | 23,150,000 | 47,160,000 | 68,983,000 | 89,964,000 |
| Interest expense | 4,584,000 | 7,507,000 | 9,861,000 | 11,901,000 |
| Net interest income | 18,566,000 | 39,653,000 | 59,122,000 | 78,063,000 |
| Noninterest income | 1,584,000 | 3,602,000 | 6,063,000 | 8,078,000 |
| Noninterest expense | 12,960,000 | 24,301,000 | 37,779,000 | 51,263,000 |
| Provision for loan losses | 725,000 | 1,450,000 | 2,675,000 | 3,400,000 |
| Pretax income | 6,515,000 | 17,566,000 | 24,793,000 | 31,540,000 |
| Income tax | 1,862,000 | 4,848,000 | 6,838,000 | 8,120,000 |
| Net income | 4,653,000 | 12,718,000 | 17,955,000 | 23,420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 224,048,000 | 229,743,000 | 232,608,000 | 235,703,000 |
| Total capital | 245,863,000 | 251,285,000 | 253,901,000 | 256,925,000 |
| Risk-weighted assets | 1,739,410,000 | 1,716,842,000 | 1,696,546,000 | 1,690,225,000 |