Call reports 2004
FLAGSHIP BANK MINNESOTA — 2004
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 99,518,000 | 106,994,000 | 115,922,000 | 116,197,000 |
| Total loans | 76,464,000 | 82,617,000 | 87,837,000 | 90,482,000 |
| Allowance for loan losses | 800,000 | 919,000 | 963,000 | 1,022,000 |
| Securities available for sale | 12,805,000 | 13,672,000 | 13,756,000 | 14,630,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,737,000 | 84,911,000 | 92,544,000 | 91,216,000 |
| Interest-bearing deposits | 62,663,000 | 68,501,000 | 72,351,000 | 70,190,000 |
| Noninterest-bearing deposits | 16,074,000 | 16,410,000 | 20,193,000 | 21,026,000 |
| Equity capital | 8,229,000 | 8,344,000 | 9,824,000 | 9,915,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,330,000 | 2,743,000 | 4,280,000 | 6,007,000 |
| Interest expense | 327,000 | 681,000 | 1,060,000 | 1,467,000 |
| Net interest income | 1,003,000 | 2,062,000 | 3,220,000 | 4,540,000 |
| Noninterest income | 145,000 | 305,000 | 455,000 | 562,000 |
| Noninterest expense | 989,000 | 1,985,000 | 3,030,000 | 4,093,000 |
| Provision for loan losses | 60,000 | 187,000 | 233,000 | 303,000 |
| Pretax income | 132,000 | 228,000 | 445,000 | 739,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 132,000 | 228,000 | 445,000 | 739,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,370,000 | 7,767,000 | 9,106,000 | 9,269,000 |
| Total capital | 8,170,000 | 8,686,000 | 10,069,000 | 10,291,000 |
| Risk-weighted assets | 80,833,000 | 87,543,000 | 93,581,000 | 97,369,000 |