Call reports 2023
FLAGSHIP BANK MINNESOTA — 2023
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 316,572,000 | 319,301,000 | 324,100,000 | 326,584,000 |
| Total loans | 276,118,000 | 283,295,000 | 286,679,000 | 293,742,000 |
| Allowance for loan losses | 2,724,000 | 2,798,000 | 2,899,000 | 2,802,000 |
| Securities available for sale | 17,993,000 | 17,844,000 | 17,804,000 | 18,146,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 284,685,000 | 286,227,000 | 290,576,000 | 291,432,000 |
| Interest-bearing deposits | 231,199,000 | 236,386,000 | 237,797,000 | 241,770,000 |
| Noninterest-bearing deposits | 53,486,000 | 49,841,000 | 52,779,000 | 49,662,000 |
| Equity capital | 30,609,000 | 30,759,000 | 31,350,000 | 32,336,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,611,000 | 7,536,000 | 11,686,000 | 15,934,000 |
| Interest expense | 666,000 | 1,640,000 | 2,891,000 | 4,214,000 |
| Net interest income | 2,945,000 | 5,896,000 | 8,795,000 | 11,720,000 |
| Noninterest income | 263,000 | 558,000 | 815,000 | 1,156,000 |
| Noninterest expense | 1,899,000 | 3,874,000 | 5,859,000 | 7,705,000 |
| Provision for loan losses | 75,000 | 150,000 | 250,000 | 172,000 |
| Pretax income | 1,234,000 | 2,430,000 | 3,501,000 | 4,921,000 |
| Income tax | 102,000 | 198,000 | 303,000 | 501,000 |
| Net income | 1,132,000 | 2,232,000 | 3,198,000 | 4,420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,908,000 | 31,217,000 | 31,867,000 | 32,530,000 |
| Total capital | 33,632,000 | 34,015,000 | 34,766,000 | 35,410,000 |
| Risk-weighted assets | 241,166,000 | 246,768,000 | 245,792,000 | 252,966,000 |