Call reports 2014
FLAGSHIP BANK MINNESOTA — 2014
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 93,650,000 | 98,563,000 | 101,742,000 | 96,681,000 |
| Total loans | 64,378,000 | 66,934,000 | 67,967,000 | 65,563,000 |
| Allowance for loan losses | 818,000 | 1,043,000 | 1,053,000 | 913,000 |
| Securities available for sale | 9,396,000 | 9,469,000 | 9,398,000 | 9,420,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,752,000 | 85,549,000 | 88,580,000 | 83,290,000 |
| Interest-bearing deposits | 65,404,000 | 69,266,000 | 70,576,000 | 66,142,000 |
| Noninterest-bearing deposits | 15,348,000 | 16,283,000 | 18,004,000 | 17,148,000 |
| Equity capital | 12,074,000 | 12,271,000 | 12,390,000 | 12,639,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 955,000 | 1,915,000 | 2,957,000 | 3,932,000 |
| Interest expense | 119,000 | 243,000 | 368,000 | 487,000 |
| Net interest income | 836,000 | 1,672,000 | 2,589,000 | 3,445,000 |
| Noninterest income | 64,000 | 128,000 | 197,000 | 268,000 |
| Noninterest expense | 877,000 | 1,684,000 | 2,498,000 | 3,325,000 |
| Provision for loan losses | 31,000 | 31,000 | 31,000 | -119,000 |
| Pretax income | -8,000 | 85,000 | 257,000 | 507,000 |
| Income tax | -8,000 | 25,000 | 90,000 | 186,000 |
| Net income | 0 | 60,000 | 167,000 | 321,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,860,000 | 8,098,000 | 8,296,000 | 8,537,000 |
| Total capital | 8,678,000 | 8,989,000 | 9,190,000 | 9,405,000 |
| Risk-weighted assets | 67,435,000 | 71,160,000 | 71,392,000 | 69,393,000 |