Call reports 2023
HERITAGE BANK MINNESOTA — 2023
What HERITAGE BANK MINNESOTA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 88,404,000 | 94,281,000 | 95,387,000 | 100,362,000 |
| Total loans | 66,064,000 | 69,686,000 | 73,902,000 | 78,537,000 |
| Allowance for loan losses | 569,000 | 589,000 | 619,000 | 662,000 |
| Securities available for sale | 12,479,000 | 12,234,000 | 11,751,000 | 12,418,000 |
| Securities held to maturity | 643,000 | 644,000 | 645,000 | 646,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,938,000 | 83,348,000 | 84,928,000 | 80,819,000 |
| Interest-bearing deposits | 59,364,000 | 65,994,000 | 65,522,000 | 62,602,000 |
| Noninterest-bearing deposits | 18,573,000 | 17,354,000 | 19,405,000 | 18,217,000 |
| Equity capital | 5,702,000 | 5,616,000 | 5,293,000 | 6,128,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 917,000 | 1,931,000 | 3,058,000 | 4,267,000 |
| Interest expense | 108,000 | 338,000 | 660,000 | 1,071,000 |
| Net interest income | 809,000 | 1,593,000 | 2,398,000 | 3,196,000 |
| Noninterest income | 69,000 | 154,000 | 215,000 | 265,000 |
| Noninterest expense | 742,000 | 1,469,000 | 2,193,000 | 2,906,000 |
| Provision for loan losses | 15,000 | 38,000 | 69,000 | 105,000 |
| Pretax income | 121,000 | 240,000 | 351,000 | 450,000 |
| Income tax | 0 | 6,000 | 15,000 | 15,000 |
| Net income | 121,000 | 234,000 | 336,000 | 435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,664,000 | 7,759,000 | 7,841,000 | 7,941,000 |
| Total capital | 8,233,000 | 8,348,000 | 8,460,000 | 8,603,000 |
| Risk-weighted assets | 63,782,000 | 68,656,000 | 62,514,000 | 73,928,000 |