Call reports 2024
MINNWEST BANK — 2024
What MINNWEST 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 | 3,077,716,000 | 3,145,233,000 | 3,159,036,000 | 3,161,280,000 |
| Total loans | 2,282,601,000 | 2,333,170,000 | 2,289,734,000 | 2,325,536,000 |
| Allowance for loan losses | 32,655,000 | 32,803,000 | 33,280,000 | 30,634,000 |
| Securities available for sale | 581,001,000 | 576,506,000 | 529,275,000 | 495,609,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,531,281,000 | 2,603,826,000 | 2,741,277,000 | 2,826,237,000 |
| Interest-bearing deposits | 1,965,380,000 | 2,068,362,000 | 2,193,590,000 | 2,245,967,000 |
| Noninterest-bearing deposits | 565,901,000 | 535,464,000 | 547,687,000 | 580,270,000 |
| Equity capital | 275,772,000 | 283,439,000 | 293,756,000 | 295,042,000 |
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 | 36,971,000 | 75,809,000 | 117,926,000 | 157,590,000 |
| Interest expense | 15,928,000 | 33,528,000 | 51,666,000 | 67,449,000 |
| Net interest income | 21,043,000 | 42,281,000 | 66,260,000 | 90,141,000 |
| Noninterest income | 4,574,000 | 7,673,000 | 9,944,000 | 14,318,000 |
| Noninterest expense | 17,289,000 | 35,613,000 | 53,462,000 | 73,134,000 |
| Provision for loan losses | 581,000 | 1,596,000 | 2,094,000 | 2,647,000 |
| Pretax income | 7,875,000 | 13,439,000 | 21,389,000 | 29,522,000 |
| Income tax | 2,155,000 | 3,665,000 | 5,848,000 | 7,915,000 |
| Net income | 5,720,000 | 9,774,000 | 15,541,000 | 21,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 262,910,000 | 267,156,000 | 271,115,000 | 275,373,000 |
| Total capital | 294,943,000 | 299,625,000 | 302,937,000 | 306,224,000 |
| Risk-weighted assets | 2,561,113,000 | 2,596,789,000 | 2,543,942,000 | 2,577,574,000 |