Call reports 2022
FLAGSHIP BANK MINNESOTA — 2022
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 330,052,000 | 330,424,000 | 315,383,000 | 305,797,000 |
| Total loans | 234,058,000 | 241,784,000 | 255,773,000 | 268,870,000 |
| Allowance for loan losses | 2,403,000 | 2,404,000 | 2,461,000 | 2,653,000 |
| Securities available for sale | 12,862,000 | 17,549,000 | 17,683,000 | 17,795,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 299,220,000 | 299,275,000 | 283,721,000 | 276,234,000 |
| Interest-bearing deposits | 236,675,000 | 234,325,000 | 134,501,000 | 139,129,000 |
| Noninterest-bearing deposits | 62,545,000 | 64,950,000 | 149,220,000 | 137,105,000 |
| Equity capital | 30,396,000 | 30,621,000 | 30,994,000 | 29,272,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 2,736,000 | 5,546,000 | 8,940,000 | 12,633,000 |
| Interest expense | 100,000 | 226,000 | 398,000 | 771,000 |
| Net interest income | 2,636,000 | 5,320,000 | 8,542,000 | 11,862,000 |
| Noninterest income | 234,000 | 505,000 | 772,000 | 1,099,000 |
| Noninterest expense | 1,922,000 | 3,822,000 | 5,690,000 | 7,647,000 |
| Provision for loan losses | 15,000 | 15,000 | 75,000 | 150,000 |
| Pretax income | 933,000 | 1,988,000 | 3,549,000 | 5,164,000 |
| Income tax | 534,000 | 552,000 | 713,000 | 927,000 |
| Net income | 399,000 | 1,436,000 | 2,836,000 | 4,237,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,240,000 | 30,680,000 | 31,599,000 | 29,752,000 |
| Total capital | 32,643,000 | 33,084,000 | 34,060,000 | 32,405,000 |
| Risk-weighted assets | 202,849,000 | 210,691,000 | 223,082,000 | 232,837,000 |