Call reports 2024
FIRST STATE BANK MINNESOTA — 2024
What FIRST STATE BANK MINNESOTA 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 | 92,042,000 | 93,747,000 | 96,970,000 | 99,491,000 |
| Total loans | 70,006,000 | 75,309,000 | 77,781,000 | 78,332,000 |
| Allowance for loan losses | 948,000 | 963,000 | 977,000 | 1,000,000 |
| Securities available for sale | 8,409,000 | 8,432,000 | 8,697,000 | 8,603,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,826,000 | 82,005,000 | 84,016,000 | 84,439,000 |
| Interest-bearing deposits | 53,457,000 | 57,664,000 | 59,599,000 | 56,081,000 |
| Noninterest-bearing deposits | 27,369,000 | 24,341,000 | 24,417,000 | 28,358,000 |
| Equity capital | 9,772,000 | 9,902,000 | 10,359,000 | 10,506,000 |
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 | 1,061,000 | 2,220,000 | 3,412,000 | 4,633,000 |
| Interest expense | 200,000 | 493,000 | 794,000 | 1,104,000 |
| Net interest income | 861,000 | 1,727,000 | 2,618,000 | 3,529,000 |
| Noninterest income | 36,000 | 76,000 | 122,000 | 155,000 |
| Noninterest expense | 564,000 | 1,119,000 | 1,684,000 | 2,264,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 317,000 | 640,000 | 1,023,000 | 1,375,000 |
| Income tax | 42,000 | 71,000 | 106,000 | 116,000 |
| Net income | 275,000 | 569,000 | 917,000 | 1,259,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,173,000 | 10,305,000 | 10,523,000 | 10,789,000 |