Call reports 2014
WESTERN NATIONAL BANK OF CASS LAKE — 2014
What WESTERN NATIONAL BANK OF CASS LAKE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 34,318,000 | 31,284,000 | 35,303,000 | 33,588,000 |
| Total loans | 21,608,000 | 21,427,000 | 22,116,000 | 21,610,000 |
| Allowance for loan losses | 378,000 | 351,000 | 330,000 | 296,000 |
| Securities available for sale | 6,392,000 | 6,442,000 | 6,802,000 | 6,662,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,188,000 | 27,693,000 | 32,070,000 | 30,357,000 |
| Interest-bearing deposits | 20,834,000 | 20,900,000 | 23,346,000 | 24,054,000 |
| Noninterest-bearing deposits | 10,354,000 | 6,793,000 | 8,724,000 | 6,303,000 |
| Equity capital | 3,104,000 | 3,174,000 | 3,205,000 | 3,211,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 360,000 | 725,000 | 1,115,000 | 1,488,000 |
| Interest expense | 14,000 | 27,000 | 41,000 | 57,000 |
| Net interest income | 346,000 | 698,000 | 1,074,000 | 1,431,000 |
| Noninterest income | 0 | 53,000 | 112,000 | 172,000 |
| Noninterest expense | 310,000 | 613,000 | 922,000 | 1,272,000 |
| Provision for loan losses | 0 | 0 | 15,000 | 25,000 |
| Pretax income | 36,000 | 138,000 | 241,000 | 297,000 |
| Income tax | 0 | 0 | 1,000 | 2,000 |
| Net income | 36,000 | 138,000 | 240,000 | 295,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,697,000 | 2,740,000 | 2,782,000 | 2,776,000 |
| Total capital | 2,944,000 | 2,982,000 | 3,037,000 | 3,022,000 |
| Risk-weighted assets | 19,642,000 | 19,237,000 | 20,348,000 | 19,665,000 |