Call reports 2004
ULTIMA BANK MINNESOTA — 2004
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 45,099,000 | 47,865,000 | 48,891,000 | 52,012,000 |
| Total loans | 40,380,000 | 42,547,000 | 45,167,000 | 45,715,000 |
| Allowance for loan losses | 427,000 | 437,000 | 469,000 | 503,000 |
| Securities available for sale | 175,000 | 175,000 | 175,000 | 175,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,878,000 | 43,998,000 | 43,078,000 | 47,918,000 |
| Interest-bearing deposits | 35,834,000 | 39,520,000 | 38,225,000 | 40,087,000 |
| Noninterest-bearing deposits | 5,044,000 | 4,478,000 | 4,853,000 | 7,831,000 |
| Equity capital | 3,632,000 | 3,778,000 | 3,925,000 | 4,005,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 670,000 | 1,392,000 | 2,139,000 | 2,918,000 |
| Interest expense | 146,000 | 305,000 | 475,000 | 662,000 |
| Net interest income | 524,000 | 1,087,000 | 1,664,000 | 2,256,000 |
| Noninterest income | 71,000 | 151,000 | 230,000 | 298,000 |
| Noninterest expense | 367,000 | 761,000 | 1,135,000 | 1,566,000 |
| Provision for loan losses | 30,000 | 40,000 | 70,000 | 108,000 |
| Pretax income | 198,000 | 437,000 | 689,000 | 880,000 |
| Income tax | -15,000 | -15,000 | -15,000 | -15,000 |
| Net income | 213,000 | 452,000 | 704,000 | 895,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,632,000 | 3,778,000 | 3,925,000 | 4,005,000 |
| Total capital | 4,059,000 | 4,215,000 | 4,394,000 | 4,508,000 |
| Risk-weighted assets | 35,277,000 | 36,833,000 | 38,925,000 | 41,707,000 |