Call reports 2002
HERITAGE BANK MINNESOTA — 2002
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 42,443,000 | 42,670,000 | 44,083,000 | 46,891,000 |
| Total loans | 29,776,000 | 31,651,000 | 33,100,000 | 34,383,000 |
| Allowance for loan losses | 402,000 | 400,000 | 453,000 | 441,000 |
| Securities available for sale | 5,795,000 | 6,341,000 | 4,520,000 | 5,032,000 |
| Securities held to maturity | 2,117,000 | 2,207,000 | 2,222,000 | 2,586,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,173,000 | 38,282,000 | 39,575,000 | 43,228,000 |
| Interest-bearing deposits | 35,071,000 | 35,369,000 | 36,865,000 | 39,177,000 |
| Noninterest-bearing deposits | 3,102,000 | 2,913,000 | 2,710,000 | 4,051,000 |
| Equity capital | 3,132,000 | 3,275,000 | 3,391,000 | 3,547,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 784,000 | 1,582,000 | 2,391,000 | 3,209,000 |
| Interest expense | 371,000 | 701,000 | 1,016,000 | 1,322,000 |
| Net interest income | 413,000 | 881,000 | 1,375,000 | 1,887,000 |
| Noninterest income | 53,000 | 93,000 | 139,000 | 191,000 |
| Noninterest expense | 271,000 | 579,000 | 924,000 | 1,301,000 |
| Provision for loan losses | 58,000 | 75,000 | 125,000 | 168,000 |
| Pretax income | 137,000 | 322,000 | 552,000 | 696,000 |
| Income tax | 0 | 4,000 | 7,000 | 9,000 |
| Net income | 137,000 | 318,000 | 545,000 | 687,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,511,000 | 2,589,000 | 2,768,000 | 2,962,000 |
| Total capital | 2,844,000 | 2,931,000 | 3,137,000 | 3,347,000 |
| Risk-weighted assets | 26,589,000 | 27,272,000 | 29,409,000 | 30,740,000 |