Call reports 2024
FLAGSHIP BANK MINNESOTA — 2024
What FLAGSHIP BANK MINNESOTA reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 |
|---|---|
| Total assets | 332,097,000 |
| Total loans | 288,501,000 |
| Allowance for loan losses | 2,791,000 |
| Securities available for sale | 18,175,000 |
| Securities held to maturity | 0 |
| Trading assets | 0 |
| Total deposits | 296,958,000 |
| Interest-bearing deposits | 244,206,000 |
| Noninterest-bearing deposits | 52,752,000 |
| Equity capital | 33,269,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 |
|---|---|
| Interest income | 4,329,000 |
| Interest expense | 1,421,000 |
| Net interest income | 2,908,000 |
| Noninterest income | 261,000 |
| Noninterest expense | 2,170,000 |
| Provision for loan losses | -20,000 |
| Pretax income | 999,000 |
| Income tax | 102,000 |
| Net income | 897,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 |
|---|---|
| Tier 1 capital | 33,450,000 |
| Total capital | 36,339,000 |
| Risk-weighted assets | 243,543,000 |