Call reports 2006
ULTIMA BANK MINNESOTA — 2006
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 56,037,000 | 62,193,000 | 63,537,000 | 66,599,000 |
| Total loans | 51,841,000 | 56,617,000 | 58,641,000 | 61,242,000 |
| Allowance for loan losses | 508,000 | 563,000 | 630,000 | 641,000 |
| Securities available for sale | 105,000 | 105,000 | 105,000 | 105,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,924,000 | 55,316,000 | 57,902,000 | 60,150,000 |
| Interest-bearing deposits | 46,383,000 | 50,079,000 | 51,655,000 | 53,797,000 |
| Noninterest-bearing deposits | 4,541,000 | 5,237,000 | 6,247,000 | 6,353,000 |
| Equity capital | 4,234,000 | 4,698,000 | 4,742,000 | 5,768,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,029,000 | 2,202,000 | 3,508,000 | 4,848,000 |
| Interest expense | 394,000 | 891,000 | 1,469,000 | 2,063,000 |
| Net interest income | 635,000 | 1,311,000 | 2,039,000 | 2,785,000 |
| Noninterest income | 77,000 | 178,000 | 266,000 | 364,000 |
| Noninterest expense | 430,000 | 973,000 | 1,478,000 | 2,146,000 |
| Provision for loan losses | 17,000 | 71,000 | 135,000 | 140,000 |
| Pretax income | 265,000 | 445,000 | 692,000 | 863,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 265,000 | 445,000 | 692,000 | 862,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,234,000 | 4,698,000 | 4,742,000 | 5,768,000 |
| Total capital | 4,742,000 | 5,261,000 | 5,372,000 | 6,409,000 |
| Risk-weighted assets | 46,138,000 | 50,501,000 | 52,353,000 | 54,568,000 |