Call reports 2002
FLAGSHIP BANK MINNESOTA — 2002
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 61,729,000 | 66,854,000 | 67,726,000 | 72,621,000 |
| Total loans | 41,348,000 | 42,365,000 | 41,076,000 | 43,755,000 |
| Allowance for loan losses | 500,000 | 508,000 | 525,000 | 533,000 |
| Securities available for sale | 12,564,000 | 12,310,000 | 12,337,000 | 17,422,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,223,000 | 54,719,000 | 55,494,000 | 57,000,000 |
| Interest-bearing deposits | 43,563,000 | 47,004,000 | 46,495,000 | 47,973,000 |
| Noninterest-bearing deposits | 7,660,000 | 7,715,000 | 8,999,000 | 9,027,000 |
| Equity capital | 5,790,000 | 6,930,000 | 7,023,000 | 7,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 984,000 | 1,998,000 | 3,034,000 | 4,069,000 |
| Interest expense | 414,000 | 794,000 | 1,180,000 | 1,544,000 |
| Net interest income | 570,000 | 1,204,000 | 1,854,000 | 2,525,000 |
| Noninterest income | 186,000 | 327,000 | 454,000 | 605,000 |
| Noninterest expense | 580,000 | 1,188,000 | 1,835,000 | 2,575,000 |
| Provision for loan losses | 95,000 | 118,000 | 140,000 | 130,000 |
| Pretax income | 81,000 | 225,000 | 333,000 | 425,000 |
| Income tax | 0 | 2,000 | 3,000 | 20,000 |
| Net income | 81,000 | 223,000 | 330,000 | 405,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,040,000 | 6,079,000 | 6,138,000 | 6,163,000 |
| Total capital | 5,540,000 | 6,587,000 | 6,663,000 | 6,696,000 |
| Risk-weighted assets | 46,827,000 | 48,658,000 | 47,922,000 | 52,050,000 |