Call reports 2023
ULTIMA BANK MINNESOTA — 2023
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 217,580,000 | 249,242,000 | 266,047,000 | 269,335,000 |
| Total loans | 201,469,000 | 236,076,000 | 240,174,000 | 249,773,000 |
| Allowance for loan losses | 2,382,000 | 2,371,000 | 2,491,000 | 2,491,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,783,000 | 208,041,000 | 231,152,000 | 230,993,000 |
| Interest-bearing deposits | 149,224,000 | 169,009,000 | 181,615,000 | 180,158,000 |
| Noninterest-bearing deposits | 40,559,000 | 39,032,000 | 49,537,000 | 50,835,000 |
| Equity capital | 24,908,000 | 25,727,000 | 26,502,000 | 25,343,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,441,000 | 7,505,000 | 12,013,000 | 16,805,000 |
| Interest expense | 808,000 | 2,011,000 | 3,459,000 | 4,931,000 |
| Net interest income | 2,633,000 | 5,494,000 | 8,554,000 | 11,874,000 |
| Noninterest income | 361,000 | 531,000 | 716,000 | 950,000 |
| Noninterest expense | 1,527,000 | 3,119,000 | 5,069,000 | 7,139,000 |
| Provision for loan losses | 0 | 0 | 113,000 | 113,000 |
| Pretax income | 1,480,000 | 2,930,000 | 4,119,000 | 5,617,000 |
| Income tax | 50,000 | 300,000 | 396,000 | 517,000 |
| Net income | 1,430,000 | 2,630,000 | 3,723,000 | 5,100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,908,000 | 25,727,000 | 25,381,000 | 24,294,000 |