Call reports 2011
ULTIMA BANK MINNESOTA — 2011
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 110,185,000 | 115,653,000 | 120,449,000 | 123,845,000 |
| Total loans | 102,134,000 | 107,942,000 | 110,572,000 | 115,446,000 |
| Allowance for loan losses | 1,350,000 | 1,365,000 | 1,420,000 | 1,342,000 |
| Securities available for sale | 55,000 | 55,000 | 55,000 | 55,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 99,332,000 | 100,154,000 | 108,888,000 | 111,792,000 |
| Interest-bearing deposits | 87,511,000 | 88,481,000 | 94,575,000 | 97,274,000 |
| Noninterest-bearing deposits | 11,821,000 | 11,673,000 | 14,313,000 | 14,518,000 |
| Equity capital | 10,387,000 | 10,406,000 | 10,844,000 | 10,583,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,547,000 | 3,157,000 | 4,906,000 | 6,646,000 |
| Interest expense | 240,000 | 484,000 | 730,000 | 971,000 |
| Net interest income | 1,307,000 | 2,673,000 | 4,176,000 | 5,675,000 |
| Noninterest income | 110,000 | 242,000 | 374,000 | 608,000 |
| Noninterest expense | 859,000 | 1,695,000 | 2,585,000 | 3,511,000 |
| Provision for loan losses | 75,000 | 125,000 | 175,000 | 200,000 |
| Pretax income | 483,000 | 1,095,000 | 1,790,000 | 2,572,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 2,000 |
| Net income | 482,000 | 1,094,000 | 1,789,000 | 2,570,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,232,000 | 10,255,000 | 10,697,000 | 10,440,000 |
| Total capital | 11,340,000 | 11,426,000 | 11,914,000 | 11,707,000 |
| Risk-weighted assets | 88,374,000 | 93,508,000 | 97,180,000 | 101,318,000 |