Call reports 2008
WESTERN NATIONAL BANK OF CASS LAKE — 2008
What WESTERN NATIONAL BANK OF CASS LAKE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 27,863,000 | 26,983,000 | 33,661,000 | 31,899,000 |
| Total loans | 13,593,000 | 14,150,000 | 14,867,000 | 16,601,000 |
| Allowance for loan losses | 157,000 | 155,000 | 153,000 | 153,000 |
| Securities available for sale | 7,221,000 | 7,887,000 | 10,282,000 | 11,234,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,731,000 | 24,610,000 | 31,192,000 | 29,106,000 |
| Interest-bearing deposits | 21,900,000 | 19,565,000 | 25,272,000 | 24,127,000 |
| Noninterest-bearing deposits | 3,831,000 | 5,045,000 | 5,920,000 | 4,979,000 |
| Equity capital | 2,069,000 | 2,304,000 | 2,418,000 | 2,730,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 395,000 | 777,000 | 1,185,000 | 1,624,000 |
| Interest expense | 100,000 | 188,000 | 266,000 | 354,000 |
| Net interest income | 295,000 | 589,000 | 919,000 | 1,270,000 |
| Noninterest income | 57,000 | 119,000 | 169,000 | 229,000 |
| Noninterest expense | 207,000 | 467,000 | 732,000 | 1,019,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 145,000 | 241,000 | 356,000 | 480,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 145,000 | 241,000 | 356,000 | 480,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,606,000 | 1,979,000 | 2,060,000 | 2,149,000 |
| Total capital | 1,763,000 | 2,134,000 | 2,213,000 | 2,302,000 |
| Risk-weighted assets | 15,468,000 | 15,612,000 | 17,765,000 | 18,258,000 |