Call reports 2019
ULTIMA BANK MINNESOTA — 2019
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 175,462,000 | 186,673,000 | 189,245,000 | 188,654,000 |
| Total loans | 168,512,000 | 178,597,000 | 177,543,000 | 179,615,000 |
| Allowance for loan losses | 2,103,000 | 2,161,000 | 2,177,000 | 2,267,000 |
| Securities available for sale | 56,000 | 53,000 | 60,000 | 61,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 151,310,000 | 147,206,000 | 156,624,000 | 156,997,000 |
| Interest-bearing deposits | 130,944,000 | 125,613,000 | 132,254,000 | 133,549,000 |
| Noninterest-bearing deposits | 20,366,000 | 21,593,000 | 24,370,000 | 23,448,000 |
| Equity capital | 18,545,000 | 19,084,000 | 19,857,000 | 18,704,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 2,719,000 | 5,594,000 | 8,614,000 | 11,620,000 |
| Interest expense | 595,000 | 1,266,000 | 1,959,000 | 2,586,000 |
| Net interest income | 2,124,000 | 4,328,000 | 6,655,000 | 9,034,000 |
| Noninterest income | 153,000 | 298,000 | 467,000 | 670,000 |
| Noninterest expense | 1,214,000 | 2,542,000 | 3,779,000 | 5,338,000 |
| Provision for loan losses | 0 | 60,000 | 150,000 | 240,000 |
| Pretax income | 1,063,000 | 2,024,000 | 3,193,000 | 4,126,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 4,000 |
| Net income | 1,062,000 | 2,021,000 | 3,189,000 | 4,122,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,466,000 | 19,012,000 | 19,782,000 | 18,632,000 |
| Total capital | 20,385,000 | 21,053,000 | 21,850,000 | 20,688,000 |
| Risk-weighted assets | 151,649,000 | 161,537,000 | 163,517,000 | 163,572,000 |