Call reports 2023
FIRST STATE BANK MINNESOTA — 2023
What FIRST STATE BANK MINNESOTA 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 | 94,196,000 | 91,577,000 | 88,966,000 | 90,498,000 |
| Total loans | 64,374,000 | 64,897,000 | 66,124,000 | 66,218,000 |
| Allowance for loan losses | 881,000 | 894,000 | 911,000 | 933,000 |
| Securities available for sale | 11,698,000 | 11,588,000 | 11,453,000 | 8,520,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,840,000 | 81,113,000 | 76,831,000 | 79,262,000 |
| Interest-bearing deposits | 53,951,000 | 53,494,000 | 48,820,000 | 49,694,000 |
| Noninterest-bearing deposits | 29,889,000 | 27,619,000 | 28,011,000 | 29,568,000 |
| Equity capital | 9,252,000 | 9,320,000 | 9,377,000 | 9,851,000 |
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 | 968,000 | 1,954,000 | 2,915,000 | 3,893,000 |
| Interest expense | 66,000 | 155,000 | 255,000 | 408,000 |
| Net interest income | 902,000 | 1,799,000 | 2,660,000 | 3,485,000 |
| Noninterest income | 34,000 | 67,000 | 121,000 | 165,000 |
| Noninterest expense | 509,000 | 1,086,000 | 1,649,000 | 2,198,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 418,000 | 762,000 | 1,101,000 | 1,370,000 |
| Income tax | 20,000 | 51,000 | 100,000 | 158,000 |
| Net income | 398,000 | 711,000 | 1,001,000 | 1,212,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,649,000 | 9,855,000 | 10,047,000 | 10,173,000 |