Call reports 2021
FLAGSHIP BANK MINNESOTA — 2021
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 331,926,000 | 327,588,000 | 332,137,000 | 325,748,000 |
| Total loans | 235,762,000 | 233,678,000 | 247,517,000 | 246,302,000 |
| Allowance for loan losses | 2,128,000 | 2,129,000 | 2,130,000 | 2,381,000 |
| Securities available for sale | 9,391,000 | 7,817,000 | 8,191,000 | 10,518,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 299,965,000 | 298,777,000 | 302,110,000 | 292,058,000 |
| Interest-bearing deposits | 227,843,000 | 227,541,000 | 230,465,000 | 227,029,000 |
| Noninterest-bearing deposits | 72,122,000 | 71,236,000 | 71,645,000 | 65,029,000 |
| Equity capital | 27,070,000 | 28,285,000 | 29,385,000 | 30,342,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,943,000 | 6,019,000 | 8,967,000 | 12,205,000 |
| Interest expense | 362,000 | 539,000 | 667,000 | 783,000 |
| Net interest income | 2,581,000 | 5,480,000 | 8,300,000 | 11,422,000 |
| Noninterest income | 171,000 | 466,000 | 1,091,000 | 1,533,000 |
| Noninterest expense | 1,694,000 | 3,433,000 | 5,191,000 | 7,061,000 |
| Provision for loan losses | 0 | 0 | 0 | 250,000 |
| Pretax income | 1,058,000 | 2,513,000 | 4,200,000 | 5,644,000 |
| Income tax | 544,000 | 760,000 | 1,316,000 | 1,716,000 |
| Net income | 514,000 | 1,753,000 | 2,884,000 | 3,928,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,204,000 | 27,525,000 | 28,679,000 | 29,747,000 |
| Total capital | 28,331,000 | 29,654,000 | 30,809,000 | 32,128,000 |
| Risk-weighted assets | 182,287,000 | 189,524,000 | 208,447,000 | 214,152,000 |