Call reports 2008
FLAGSHIP BANK MINNESOTA — 2008
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 133,745,000 | 143,010,000 | 136,166,000 | 134,724,000 |
| Total loans | 116,441,000 | 117,766,000 | 114,371,000 | 117,624,000 |
| Allowance for loan losses | 1,509,000 | 1,640,000 | 2,043,000 | 1,692,000 |
| Securities available for sale | 8,522,000 | 8,224,000 | 8,625,000 | 6,669,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,168,000 | 113,555,000 | 106,705,000 | 107,291,000 |
| Interest-bearing deposits | 90,192,000 | 98,463,000 | 88,322,000 | 84,008,000 |
| Noninterest-bearing deposits | 14,976,000 | 15,092,000 | 18,383,000 | 23,283,000 |
| Equity capital | 12,284,000 | 12,131,000 | 11,517,000 | 11,668,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,184,000 | 4,341,000 | 6,481,000 | 8,526,000 |
| Interest expense | 1,040,000 | 2,000,000 | 2,920,000 | 3,768,000 |
| Net interest income | 1,144,000 | 2,341,000 | 3,561,000 | 4,758,000 |
| Noninterest income | 182,000 | 383,000 | 468,000 | 535,000 |
| Noninterest expense | 1,129,000 | 2,340,000 | 3,548,000 | 4,783,000 |
| Provision for loan losses | 85,000 | 261,000 | 1,056,000 | 1,056,000 |
| Pretax income | 166,000 | 177,000 | -521,000 | -492,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 2,000 |
| Net income | 165,000 | 176,000 | -522,000 | -494,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,206,000 | 12,217,000 | 11,520,000 | 11,547,000 |
| Total capital | 13,715,000 | 13,857,000 | 13,131,000 | 13,184,000 |
| Risk-weighted assets | 127,936,000 | 132,835,000 | 128,455,000 | 130,904,000 |