Call reports 2014
ULTIMA BANK MINNESOTA — 2014
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 145,694,000 | 153,667,000 | 155,379,000 | 158,497,000 |
| Total loans | 135,107,000 | 144,863,000 | 146,034,000 | 149,970,000 |
| Allowance for loan losses | 1,582,000 | 1,412,000 | 1,497,000 | 1,419,000 |
| Securities available for sale | 15,000 | 15,000 | 15,000 | 15,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,632,000 | 132,614,000 | 134,586,000 | 133,282,000 |
| Interest-bearing deposits | 112,813,000 | 115,479,000 | 116,990,000 | 112,781,000 |
| Noninterest-bearing deposits | 18,819,000 | 17,135,000 | 17,596,000 | 20,501,000 |
| Equity capital | 13,324,000 | 13,677,000 | 14,350,000 | 13,564,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,880,000 | 3,875,000 | 6,060,000 | 8,206,000 |
| Interest expense | 184,000 | 380,000 | 595,000 | 813,000 |
| Net interest income | 1,696,000 | 3,495,000 | 5,465,000 | 7,393,000 |
| Noninterest income | 158,000 | 301,000 | 453,000 | 692,000 |
| Noninterest expense | 1,038,000 | 2,080,000 | 3,130,000 | 4,225,000 |
| Provision for loan losses | 78,000 | 250,000 | 340,000 | 303,000 |
| Pretax income | 738,000 | 1,466,000 | 2,448,000 | 3,557,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | 738,000 | 1,465,000 | 2,447,000 | 3,556,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,216,000 | 13,572,000 | 14,249,000 | 13,468,000 |
| Total capital | 14,648,000 | 14,984,000 | 15,746,000 | 14,887,000 |
| Risk-weighted assets | 114,385,000 | 131,221,000 | 131,125,000 | 133,758,000 |