Call reports 2003
ULTIMA BANK MINNESOTA — 2003
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 44,068,000 | 44,166,000 | 45,171,000 | 45,306,000 |
| Total loans | 38,468,000 | 37,318,000 | 39,040,000 | 40,384,000 |
| Allowance for loan losses | 443,000 | 470,000 | 453,000 | 428,000 |
| Securities available for sale | 220,000 | 220,000 | 215,000 | 215,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,246,000 | 40,496,000 | 39,383,000 | 41,526,000 |
| Interest-bearing deposits | 36,778,000 | 36,561,000 | 34,228,000 | 34,406,000 |
| Noninterest-bearing deposits | 3,468,000 | 3,935,000 | 5,155,000 | 7,120,000 |
| Equity capital | 3,484,000 | 3,485,000 | 3,606,000 | 3,688,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 703,000 | 1,374,000 | 2,033,000 | 2,688,000 |
| Interest expense | 190,000 | 374,000 | 534,000 | 678,000 |
| Net interest income | 513,000 | 1,000,000 | 1,499,000 | 2,010,000 |
| Noninterest income | 68,000 | 142,000 | 223,000 | 286,000 |
| Noninterest expense | 378,000 | 766,000 | 1,140,000 | 1,531,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 85,000 |
| Pretax income | 188,000 | 346,000 | 537,000 | 680,000 |
| Income tax | 0 | 0 | 0 | -23,000 |
| Net income | 188,000 | 346,000 | 537,000 | 703,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,484,000 | 3,485,000 | 3,606,000 | 3,688,000 |
| Total capital | 3,924,000 | 3,899,000 | 4,042,000 | 4,116,000 |
| Risk-weighted assets | 35,180,000 | 33,042,000 | 34,890,000 | 35,983,000 |