Call reports 2004
HERITAGE BANK MINNESOTA — 2004
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 47,817,000 | 49,603,000 | 49,275,000 | 48,645,000 |
| Total loans | 37,957,000 | 38,692,000 | 37,392,000 | 36,150,000 |
| Allowance for loan losses | 613,000 | 641,000 | 635,000 | 789,000 |
| Securities available for sale | 3,025,000 | 2,999,000 | 3,006,000 | 3,000,000 |
| Securities held to maturity | 3,462,000 | 3,597,000 | 3,587,000 | 3,576,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,433,000 | 42,328,000 | 41,925,000 | 41,338,000 |
| Interest-bearing deposits | 38,505,000 | 39,156,000 | 37,582,000 | 37,425,000 |
| Noninterest-bearing deposits | 2,928,000 | 3,172,000 | 4,343,000 | 3,913,000 |
| Equity capital | 4,312,000 | 4,205,000 | 4,282,000 | 4,236,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 783,000 | 1,590,000 | 2,395,000 | 3,158,000 |
| Interest expense | 223,000 | 450,000 | 677,000 | 896,000 |
| Net interest income | 560,000 | 1,140,000 | 1,718,000 | 2,262,000 |
| Noninterest income | 57,000 | 120,000 | 191,000 | 256,000 |
| Noninterest expense | 319,000 | 697,000 | 1,108,000 | 1,533,000 |
| Provision for loan losses | 60,000 | 102,000 | 132,000 | 352,000 |
| Pretax income | 238,000 | 461,000 | 669,000 | 633,000 |
| Income tax | 1,000 | 2,000 | 2,000 | 2,000 |
| Net income | 237,000 | 459,000 | 667,000 | 631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,796,000 | 3,729,000 | 3,811,000 | 3,784,000 |
| Total capital | 4,222,000 | 4,168,000 | 4,245,000 | 4,208,000 |
| Risk-weighted assets | 33,924,000 | 35,090,000 | 34,496,000 | 33,526,000 |