Call reports 2022
ULTIMA BANK MINNESOTA — 2022
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 211,768,000 | 212,775,000 | 213,874,000 | 216,517,000 |
| Total loans | 189,263,000 | 197,986,000 | 202,237,000 | 203,611,000 |
| Allowance for loan losses | 2,383,000 | 2,392,000 | 2,393,000 | 2,381,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 187,079,000 | 183,233,000 | 175,984,000 | 181,398,000 |
| Interest-bearing deposits | 143,461,000 | 143,374,000 | 137,180,000 | 140,425,000 |
| Noninterest-bearing deposits | 43,618,000 | 39,859,000 | 38,804,000 | 40,973,000 |
| Equity capital | 22,750,000 | 23,323,000 | 24,647,000 | 23,478,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 2,595,000 | 5,440,000 | 8,711,000 | 12,144,000 |
| Interest expense | 215,000 | 450,000 | 813,000 | 1,435,000 |
| Net interest income | 2,380,000 | 4,990,000 | 7,898,000 | 10,709,000 |
| Noninterest income | 165,000 | 322,000 | 606,000 | 778,000 |
| Noninterest expense | 1,599,000 | 3,156,000 | 4,791,000 | 6,456,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 939,000 | 2,135,000 | 3,691,000 | 5,012,000 |
| Income tax | 1,000 | 253,000 | 354,000 | 455,000 |
| Net income | 938,000 | 1,882,000 | 3,337,000 | 4,557,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,668,000 | 23,256,000 | 24,580,000 | 23,408,000 |