Call reports 2024
ULTIMA BANK MINNESOTA — 2024
What ULTIMA BANK MINNESOTA reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 272,626,000 | 291,318,000 | 292,589,000 | 291,202,000 |
| Total loans | 254,181,000 | 272,155,000 | 271,964,000 | 273,778,000 |
| Allowance for loan losses | 2,493,000 | 2,493,000 | 2,480,000 | 2,526,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 235,442,000 | 242,994,000 | 256,072,000 | 252,148,000 |
| Interest-bearing deposits | 188,940,000 | 198,405,000 | 205,424,000 | 199,192,000 |
| Noninterest-bearing deposits | 46,502,000 | 44,589,000 | 50,648,000 | 52,956,000 |
| Equity capital | 26,845,000 | 31,128,000 | 32,349,000 | 30,610,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 5,010,000 | 10,385,000 | 15,935,000 | 21,315,000 |
| Interest expense | 1,653,000 | 3,550,000 | 5,510,000 | 7,343,000 |
| Net interest income | 3,357,000 | 6,835,000 | 10,425,000 | 13,972,000 |
| Noninterest income | 180,000 | 373,000 | 603,000 | 871,000 |
| Noninterest expense | 1,974,000 | 3,832,000 | 5,800,000 | 8,132,000 |
| Provision for loan losses | 0 | 0 | 50,000 | 95,000 |
| Pretax income | 1,567,000 | 3,361,000 | 5,197,000 | 6,640,000 |
| Income tax | 65,000 | 175,000 | 340,000 | 452,000 |
| Net income | 1,502,000 | 3,186,000 | 4,857,000 | 6,188,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,859,000 | 30,208,000 | 31,492,000 | 29,814,000 |