Call reports 2002
ULTIMA BANK MINNESOTA — 2002
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 44,109,000 | 44,714,000 | 44,968,000 | 45,238,000 |
| Total loans | 38,739,000 | 40,703,000 | 40,948,000 | 40,340,000 |
| Allowance for loan losses | 500,000 | 478,000 | 490,000 | 433,000 |
| Securities available for sale | 30,000 | 30,000 | 305,000 | 305,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,442,000 | 39,488,000 | 39,383,000 | 41,684,000 |
| Interest-bearing deposits | 36,586,000 | 36,128,000 | 35,943,000 | 37,101,000 |
| Noninterest-bearing deposits | 3,856,000 | 3,360,000 | 3,440,000 | 4,583,000 |
| Equity capital | 3,201,000 | 3,258,000 | 3,400,000 | 3,446,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 737,000 | 1,485,000 | 2,265,000 | 2,994,000 |
| Interest expense | 252,000 | 475,000 | 699,000 | 915,000 |
| Net interest income | 485,000 | 1,010,000 | 1,566,000 | 2,079,000 |
| Noninterest income | 56,000 | 113,000 | 180,000 | 231,000 |
| Noninterest expense | 443,000 | 827,000 | 1,252,000 | 1,658,000 |
| Provision for loan losses | 0 | 50,000 | 90,000 | 151,000 |
| Pretax income | 98,000 | 246,000 | 404,000 | 501,000 |
| Income tax | 39,000 | 130,000 | 146,000 | 47,000 |
| Net income | 59,000 | 116,000 | 258,000 | 454,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,201,000 | 3,258,000 | 3,400,000 | 3,446,000 |
| Total capital | 3,652,000 | 3,723,000 | 3,870,000 | 3,879,000 |
| Risk-weighted assets | 36,013,000 | 37,199,000 | 37,572,000 | 37,337,000 |