Call reports 2021
ULTIMA BANK MINNESOTA — 2021
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 213,355,000 | 211,473,000 | 205,617,000 | 206,464,000 |
| Total loans | 188,543,000 | 193,771,000 | 188,170,000 | 188,866,000 |
| Allowance for loan losses | 2,350,000 | 2,374,000 | 2,415,000 | 2,379,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,817,000 | 180,199,000 | 180,268,000 | 180,414,000 |
| Interest-bearing deposits | 152,502,000 | 142,715,000 | 138,584,000 | 137,201,000 |
| Noninterest-bearing deposits | 37,315,000 | 37,484,000 | 41,684,000 | 43,213,000 |
| Equity capital | 21,440,000 | 23,191,000 | 23,292,000 | 21,812,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,162,000 | 7,154,000 | 9,892,000 | 12,638,000 |
| Interest expense | 382,000 | 723,000 | 999,000 | 1,227,000 |
| Net interest income | 2,780,000 | 6,431,000 | 8,893,000 | 11,411,000 |
| Noninterest income | 235,000 | 444,000 | 617,000 | 1,094,000 |
| Noninterest expense | 1,535,000 | 3,036,000 | 4,587,000 | 6,295,000 |
| Provision for loan losses | 10,000 | 30,000 | 70,000 | 90,000 |
| Pretax income | 1,487,000 | 3,829,000 | 4,879,000 | 6,162,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 4,000 |
| Net income | 1,486,000 | 3,826,000 | 4,875,000 | 6,158,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,373,000 | 23,055,000 | 23,147,000 | 21,723,000 |