Call reports 2007
ULTIMA BANK MINNESOTA — 2007
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 70,621,000 | 72,198,000 | 75,658,000 | 79,803,000 |
| Total loans | 65,265,000 | 67,931,000 | 69,646,000 | 70,860,000 |
| Allowance for loan losses | 667,000 | 758,000 | 794,000 | 843,000 |
| Securities available for sale | 95,000 | 95,000 | 95,000 | 95,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,140,000 | 64,091,000 | 67,178,000 | 72,439,000 |
| Interest-bearing deposits | 58,574,000 | 58,924,000 | 60,708,000 | 62,828,000 |
| Noninterest-bearing deposits | 5,566,000 | 5,167,000 | 6,470,000 | 9,611,000 |
| Equity capital | 6,121,000 | 6,246,000 | 6,536,000 | 6,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,437,000 | 2,957,000 | 4,567,000 | 6,174,000 |
| Interest expense | 642,000 | 1,318,000 | 2,053,000 | 2,772,000 |
| Net interest income | 795,000 | 1,639,000 | 2,514,000 | 3,402,000 |
| Noninterest income | 77,000 | 220,000 | 310,000 | 437,000 |
| Noninterest expense | 488,000 | 1,012,000 | 1,507,000 | 2,107,000 |
| Provision for loan losses | 31,000 | 62,000 | 93,000 | 124,000 |
| Pretax income | 353,000 | 785,000 | 1,224,000 | 1,608,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | 353,000 | 784,000 | 1,223,000 | 1,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,121,000 | 6,246,000 | 6,536,000 | 6,920,000 |
| Total capital | 6,788,000 | 6,984,000 | 7,314,000 | 7,726,000 |
| Risk-weighted assets | 56,161,000 | 59,017,000 | 62,228,000 | 64,431,000 |