Call reports 2003
HERITAGE BANK MINNESOTA — 2003
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 46,342,000 | 47,502,000 | 47,374,000 | 48,246,000 |
| Total loans | 34,938,000 | 36,210,000 | 38,131,000 | 38,692,000 |
| Allowance for loan losses | 490,000 | 489,000 | 502,000 | 585,000 |
| Securities available for sale | 4,335,000 | 4,536,000 | 3,024,000 | 3,026,000 |
| Securities held to maturity | 2,626,000 | 3,006,000 | 3,266,000 | 3,462,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,557,000 | 42,571,000 | 42,283,000 | 42,556,000 |
| Interest-bearing deposits | 39,281,000 | 39,105,000 | 38,864,000 | 38,580,000 |
| Noninterest-bearing deposits | 3,276,000 | 3,466,000 | 3,419,000 | 3,976,000 |
| Equity capital | 3,682,000 | 3,843,000 | 4,011,000 | 4,115,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 815,000 | 1,625,000 | 2,449,000 | 3,272,000 |
| Interest expense | 277,000 | 541,000 | 788,000 | 1,022,000 |
| Net interest income | 538,000 | 1,084,000 | 1,661,000 | 2,250,000 |
| Noninterest income | 65,000 | 118,000 | 171,000 | 238,000 |
| Noninterest expense | 320,000 | 661,000 | 1,029,000 | 1,445,000 |
| Provision for loan losses | 50,000 | 74,000 | 118,000 | 223,000 |
| Pretax income | 233,000 | 467,000 | 685,000 | 831,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 233,000 | 467,000 | 685,000 | 831,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,120,000 | 3,279,000 | 3,470,000 | 3,586,000 |
| Total capital | 3,515,000 | 3,693,000 | 3,904,000 | 4,019,000 |
| Risk-weighted assets | 31,503,000 | 33,052,000 | 34,671,000 | 34,452,000 |