Call reports 2003
FLAGSHIP BANK MINNESOTA — 2003
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 74,142,000 | 85,472,000 | 90,509,000 | 97,324,000 |
| Total loans | 48,894,000 | 59,531,000 | 65,722,000 | 69,483,000 |
| Allowance for loan losses | 552,000 | 638,000 | 694,000 | 739,000 |
| Securities available for sale | 13,229,000 | 12,961,000 | 12,644,000 | 12,377,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,956,000 | 66,887,000 | 71,491,000 | 78,329,000 |
| Interest-bearing deposits | 49,071,000 | 54,400,000 | 54,847,000 | 59,369,000 |
| Noninterest-bearing deposits | 9,885,000 | 12,487,000 | 16,644,000 | 18,960,000 |
| Equity capital | 7,051,000 | 7,109,000 | 7,822,000 | 7,831,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,017,000 | 2,205,000 | 3,396,000 | 4,664,000 |
| Interest expense | 332,000 | 663,000 | 996,000 | 1,318,000 |
| Net interest income | 685,000 | 1,542,000 | 2,400,000 | 3,346,000 |
| Noninterest income | 203,000 | 379,000 | 553,000 | 652,000 |
| Noninterest expense | 839,000 | 1,760,000 | 2,747,000 | 3,703,000 |
| Provision for loan losses | 18,000 | 104,000 | 163,000 | 213,000 |
| Pretax income | 31,000 | 57,000 | 43,000 | 112,000 |
| Income tax | 1,000 | 2,000 | 2,000 | 2,000 |
| Net income | 30,000 | 55,000 | 41,000 | 110,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,193,000 | 6,205,000 | 6,977,000 | 7,028,000 |
| Total capital | 6,745,000 | 6,843,000 | 7,671,000 | 7,777,000 |
| Risk-weighted assets | 55,945,000 | 67,424,000 | 72,592,000 | 76,616,000 |