Call reports 2021
HERITAGE BANK MINNESOTA — 2021
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 74,616,000 | 74,030,000 | 78,774,000 | 76,461,000 |
| Total loans | 45,296,000 | 50,876,000 | 49,575,000 | 51,056,000 |
| Allowance for loan losses | 576,000 | 567,000 | 568,000 | 580,000 |
| Securities available for sale | 9,696,000 | 10,950,000 | 13,432,000 | 13,758,000 |
| Securities held to maturity | 1,214,000 | 1,043,000 | 1,044,000 | 969,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,484,000 | 64,498,000 | 69,112,000 | 70,032,000 |
| Interest-bearing deposits | 49,332,000 | 50,265,000 | 53,986,000 | 53,903,000 |
| Noninterest-bearing deposits | 15,151,000 | 14,234,000 | 15,126,000 | 16,129,000 |
| Equity capital | 5,832,000 | 6,096,000 | 6,379,000 | 6,394,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 641,000 | 1,372,000 | 2,175,000 | 3,062,000 |
| Interest expense | 66,000 | 126,000 | 187,000 | 247,000 |
| Net interest income | 575,000 | 1,246,000 | 1,988,000 | 2,815,000 |
| Noninterest income | 144,000 | 279,000 | 437,000 | 514,000 |
| Noninterest expense | 581,000 | 1,236,000 | 1,874,000 | 2,579,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 138,000 | 289,000 | 551,000 | 750,000 |
| Income tax | 0 | 4,000 | 4,000 | 69,000 |
| Net income | 138,000 | 285,000 | 547,000 | 681,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,991,000 | 6,138,000 | 6,379,000 | 6,534,000 |
| Total capital | 6,565,000 | 6,705,000 | 6,947,000 | 7,114,000 |
| Risk-weighted assets | 45,929,000 | 49,927,000 | 49,346,000 | 52,153,000 |