Call reports 2008
ULTIMA BANK MINNESOTA — 2008
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 79,355,000 | 83,756,000 | 85,345,000 | 89,652,000 |
| Total loans | 73,472,000 | 78,060,000 | 80,657,000 | 84,894,000 |
| Allowance for loan losses | 882,000 | 983,000 | 1,022,000 | 1,118,000 |
| Securities available for sale | 85,000 | 85,000 | 85,000 | 85,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,835,000 | 68,068,000 | 74,111,000 | 78,857,000 |
| Interest-bearing deposits | 62,510,000 | 60,852,000 | 67,611,000 | 70,307,000 |
| Noninterest-bearing deposits | 6,325,000 | 7,216,000 | 6,500,000 | 8,550,000 |
| Equity capital | 6,603,000 | 6,749,000 | 7,000,000 | 7,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,565,000 | 3,106,000 | 4,674,000 | 6,238,000 |
| Interest expense | 665,000 | 1,265,000 | 1,862,000 | 2,420,000 |
| Net interest income | 900,000 | 1,841,000 | 2,812,000 | 3,818,000 |
| Noninterest income | 102,000 | 218,000 | 331,000 | 516,000 |
| Noninterest expense | 594,000 | 1,112,000 | 1,703,000 | 2,283,000 |
| Provision for loan losses | 37,000 | 137,000 | 183,000 | 387,000 |
| Pretax income | 371,000 | 810,000 | 1,257,000 | 1,664,000 |
| Income tax | 2,000 | 2,000 | 3,000 | 3,000 |
| Net income | 369,000 | 808,000 | 1,254,000 | 1,661,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,603,000 | 6,749,000 | 7,000,000 | 7,407,000 |
| Total capital | 7,435,000 | 7,622,000 | 7,905,000 | 8,375,000 |
| Risk-weighted assets | 66,499,000 | 69,863,000 | 72,321,000 | 77,280,000 |