Call reports 2020
FLAGSHIP BANK MINNESOTA — 2020
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 257,835,000 | 303,910,000 | 305,857,000 | 291,639,000 |
| Total loans | 205,257,000 | 239,765,000 | 234,041,000 | 228,412,000 |
| Allowance for loan losses | 1,292,000 | 1,598,000 | 1,900,000 | 2,127,000 |
| Securities available for sale | 10,140,000 | 9,634,000 | 13,977,000 | 17,681,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 223,709,000 | 269,056,000 | 271,410,000 | 256,710,000 |
| Interest-bearing deposits | 184,555,000 | 212,096,000 | 212,711,000 | 198,836,000 |
| Noninterest-bearing deposits | 39,154,000 | 56,960,000 | 58,699,000 | 57,874,000 |
| Equity capital | 25,483,000 | 26,166,000 | 25,645,000 | 26,576,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,950,000 | 6,090,000 | 9,527,000 | 12,897,000 |
| Interest expense | 516,000 | 944,000 | 1,323,000 | 1,640,000 |
| Net interest income | 2,434,000 | 5,146,000 | 8,204,000 | 11,257,000 |
| Noninterest income | 157,000 | 323,000 | 495,000 | 749,000 |
| Noninterest expense | 1,582,000 | 3,167,000 | 4,846,000 | 6,597,000 |
| Provision for loan losses | 50,000 | 350,000 | 650,000 | 875,000 |
| Pretax income | 959,000 | 1,952,000 | 3,203,000 | 4,534,000 |
| Income tax | 279,000 | 569,000 | 930,000 | 1,318,000 |
| Net income | 680,000 | 1,383,000 | 2,273,000 | 3,216,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,537,000 | 25,281,000 | 24,811,000 | 25,765,000 |
| Total capital | 25,829,000 | 26,879,000 | 26,711,000 | 27,892,000 |
| Risk-weighted assets | 191,014,000 | 188,160,000 | 181,995,000 | 184,624,000 |