Call reports 2008
HERITAGE BANK MINNESOTA — 2008
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 49,436,000 | 47,712,000 | 48,164,000 | 48,874,000 |
| Total loans | 33,849,000 | 33,956,000 | 35,315,000 | 34,736,000 |
| Allowance for loan losses | 480,000 | 470,000 | 512,000 | 1,284,000 |
| Securities available for sale | 8,048,000 | 8,048,000 | 7,589,000 | 7,708,000 |
| Securities held to maturity | 2,548,000 | 2,548,000 | 2,530,000 | 3,169,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,936,000 | 39,318,000 | 39,753,000 | 41,363,000 |
| Interest-bearing deposits | 35,426,000 | 35,660,000 | 35,634,000 | 37,187,000 |
| Noninterest-bearing deposits | 3,510,000 | 3,658,000 | 4,119,000 | 4,177,000 |
| Equity capital | 5,362,000 | 5,277,000 | 5,302,000 | 4,426,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 830,000 | 1,620,000 | 2,410,000 | 3,151,000 |
| Interest expense | 368,000 | 703,000 | 1,014,000 | 1,304,000 |
| Net interest income | 462,000 | 917,000 | 1,396,000 | 1,847,000 |
| Noninterest income | 60,000 | 114,000 | 180,000 | 238,000 |
| Noninterest expense | 402,000 | 829,000 | 1,264,000 | 1,855,000 |
| Provision for loan losses | 0 | 0 | 71,000 | 956,000 |
| Pretax income | 120,000 | 171,000 | 210,000 | -749,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 120,000 | 171,000 | 210,000 | -750,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,016,000 | 4,951,000 | 4,995,000 | 4,047,000 |
| Total capital | 5,428,000 | 5,363,000 | 5,419,000 | 4,470,000 |
| Risk-weighted assets | 32,890,000 | 32,939,000 | 33,633,000 | 33,011,000 |