Call reports 2023
MINNWEST BANK — 2023
What MINNWEST 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 | 2,855,805,000 | 2,907,273,000 | 2,949,661,000 | 3,110,211,000 |
| Total loans | 2,035,987,000 | 2,094,452,000 | 2,148,412,000 | 2,267,471,000 |
| Allowance for loan losses | 30,645,000 | 31,098,000 | 30,794,000 | 32,057,000 |
| Securities available for sale | 597,016,000 | 585,536,000 | 569,101,000 | 577,122,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,513,659,000 | 2,485,936,000 | 2,520,546,000 | 2,590,381,000 |
| Interest-bearing deposits | 1,845,037,000 | 1,870,162,000 | 1,888,881,000 | 1,981,382,000 |
| Noninterest-bearing deposits | 668,622,000 | 615,774,000 | 631,665,000 | 608,999,000 |
| Equity capital | 254,222,000 | 257,709,000 | 260,037,000 | 269,480,000 |
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 | 30,332,000 | 62,525,000 | 96,568,000 | 132,316,000 |
| Interest expense | 7,410,000 | 18,224,000 | 30,801,000 | 45,133,000 |
| Net interest income | 22,922,000 | 44,301,000 | 65,767,000 | 87,183,000 |
| Noninterest income | 3,220,000 | 6,405,000 | 11,147,000 | 13,453,000 |
| Noninterest expense | 17,898,000 | 35,634,000 | 52,061,000 | 71,251,000 |
| Provision for loan losses | 450,000 | 900,000 | 1,350,000 | 2,205,000 |
| Pretax income | 7,796,000 | 14,174,000 | 23,505,000 | 27,182,000 |
| Income tax | 2,123,000 | 3,852,000 | 6,413,000 | 7,545,000 |
| Net income | 5,673,000 | 10,322,000 | 17,092,000 | 19,637,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 247,460,000 | 252,297,000 | 256,760,000 | 256,997,000 |
| Total capital | 276,697,000 | 282,352,000 | 287,565,000 | 288,993,000 |
| Risk-weighted assets | 2,336,534,000 | 2,402,522,000 | 2,463,057,000 | 2,558,523,000 |