Call reports 2020
ULTIMA BANK MINNESOTA — 2020
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 190,135,000 | 206,707,000 | 200,705,000 | 196,579,000 |
| Total loans | 181,308,000 | 199,757,000 | 191,244,000 | 185,418,000 |
| Allowance for loan losses | 2,268,000 | 2,308,000 | 2,342,000 | 2,342,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 163,180,000 | 170,560,000 | 174,301,000 | 173,115,000 |
| Interest-bearing deposits | 141,340,000 | 144,025,000 | 145,245,000 | 144,887,000 |
| Noninterest-bearing deposits | 21,840,000 | 26,535,000 | 29,056,000 | 28,228,000 |
| Equity capital | 19,673,000 | 20,857,000 | 21,132,000 | 19,954,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,877,000 | 6,319,000 | 9,138,000 | 11,815,000 |
| Interest expense | 608,000 | 1,168,000 | 1,660,000 | 2,147,000 |
| Net interest income | 2,269,000 | 5,151,000 | 7,478,000 | 9,668,000 |
| Noninterest income | 155,000 | 286,000 | 438,000 | 649,000 |
| Noninterest expense | 1,435,000 | 2,815,000 | 4,358,000 | 6,039,000 |
| Provision for loan losses | 0 | 60,000 | 90,000 | 90,000 |
| Pretax income | 970,000 | 2,546,000 | 3,452,000 | 4,182,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 4,000 |
| Net income | 969,000 | 2,543,000 | 3,448,000 | 4,178,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,623,000 | 20,808,000 | 21,087,000 | 19,903,000 |