Call reports 2010
FLAGSHIP BANK MINNESOTA — 2010
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 125,906,000 | 128,945,000 | 128,236,000 | 126,239,000 |
| Total loans | 100,229,000 | 98,192,000 | 95,970,000 | 94,562,000 |
| Allowance for loan losses | 3,059,000 | 2,004,000 | 2,223,000 | 3,420,000 |
| Securities available for sale | 7,461,000 | 7,369,000 | 6,443,000 | 6,389,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,610,000 | 108,089,000 | 107,841,000 | 107,543,000 |
| Interest-bearing deposits | 89,934,000 | 94,743,000 | 95,292,000 | 94,218,000 |
| Noninterest-bearing deposits | 12,676,000 | 13,346,000 | 12,549,000 | 13,325,000 |
| Equity capital | 11,949,000 | 11,630,000 | 11,071,000 | 9,284,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,478,000 | 3,051,000 | 4,557,000 | 6,032,000 |
| Interest expense | 552,000 | 1,086,000 | 1,657,000 | 2,205,000 |
| Net interest income | 926,000 | 1,965,000 | 2,900,000 | 3,827,000 |
| Noninterest income | 80,000 | 76,000 | 170,000 | 327,000 |
| Noninterest expense | 997,000 | 2,438,000 | 3,437,000 | 5,797,000 |
| Provision for loan losses | 591,000 | 784,000 | 1,753,000 | 3,454,000 |
| Pretax income | -582,000 | -1,181,000 | -2,065,000 | -5,037,000 |
| Income tax | -1,239,000 | -1,483,000 | -1,893,000 | -3,106,000 |
| Net income | 657,000 | 302,000 | -172,000 | -1,931,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,593,000 | 9,993,000 | 9,089,000 | 6,527,000 |
| Total capital | 12,005,000 | 11,383,000 | 10,366,000 | 7,744,000 |
| Risk-weighted assets | 111,348,000 | 110,617,000 | 101,239,000 | 95,166,000 |