Call reports 2020
HERITAGE BANK MINNESOTA — 2020
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 59,000,000 | 65,263,000 | 66,140,000 | 68,621,000 |
| Total loans | 42,741,000 | 44,746,000 | 44,283,000 | 44,590,000 |
| Allowance for loan losses | 572,000 | 573,000 | 573,000 | 573,000 |
| Securities available for sale | 849,000 | 3,008,000 | 5,591,000 | 7,119,000 |
| Securities held to maturity | 3,496,000 | 2,073,000 | 1,571,000 | 1,569,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,429,000 | 55,576,000 | 56,444,000 | 58,669,000 |
| Interest-bearing deposits | 40,371,000 | 43,968,000 | 44,993,000 | 45,779,000 |
| Noninterest-bearing deposits | 9,058,000 | 11,608,000 | 11,451,000 | 12,890,000 |
| Equity capital | 5,544,000 | 5,671,000 | 5,669,000 | 5,901,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 600,000 | 1,179,000 | 1,763,000 | 2,421,000 |
| Interest expense | 66,000 | 134,000 | 202,000 | 270,000 |
| Net interest income | 534,000 | 1,045,000 | 1,561,000 | 2,151,000 |
| Noninterest income | 55,000 | 275,000 | 430,000 | 571,000 |
| Noninterest expense | 666,000 | 1,353,000 | 1,998,000 | 2,585,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -77,000 | 30,000 | 56,000 | 200,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -77,000 | 30,000 | 56,000 | 200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,530,000 | 5,637,000 | 5,663,000 | 5,854,000 |
| Total capital | 6,017,000 | 6,160,000 | 6,191,000 | 6,404,000 |
| Risk-weighted assets | 38,946,000 | 41,796,000 | 42,237,000 | 44,020,000 |