Call reports 2008
MINERS NATIONAL BANK OF EVELETH, THE — 2008
What MINERS NATIONAL BANK OF EVELETH, THE 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 | 42,254,000 | 40,693,000 | 44,213,000 | 45,677,000 |
| Total loans | 17,479,000 | 17,867,000 | 18,743,000 | 20,317,000 |
| Allowance for loan losses | 272,000 | 269,000 | 270,000 | 270,000 |
| Securities available for sale | 19,780,000 | 18,244,000 | 18,022,000 | 17,661,000 |
| Securities held to maturity | 86,000 | 87,000 | 538,000 | 891,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,954,000 | 35,456,000 | 38,865,000 | 40,446,000 |
| Interest-bearing deposits | 29,296,000 | 28,172,000 | 31,350,000 | 33,047,000 |
| Noninterest-bearing deposits | 7,658,000 | 7,284,000 | 7,515,000 | 7,399,000 |
| Equity capital | 4,889,000 | 4,795,000 | 4,844,000 | 4,771,000 |
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 | 623,000 | 1,193,000 | 1,762,000 | 2,337,000 |
| Interest expense | 203,000 | 326,000 | 457,000 | 588,000 |
| Net interest income | 420,000 | 867,000 | 1,305,000 | 1,749,000 |
| Noninterest income | 31,000 | 64,000 | 99,000 | 127,000 |
| Noninterest expense | 399,000 | 801,000 | 1,167,000 | 1,757,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 52,000 | 130,000 | 237,000 | 119,000 |
| Income tax | 2,000 | 29,000 | 86,000 | 21,000 |
| Net income | 50,000 | 101,000 | 151,000 | 98,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,794,000 | 4,825,000 | 4,875,000 | 4,739,000 |
| Total capital | 5,055,000 | 5,077,000 | 5,135,000 | 5,009,000 |
| Risk-weighted assets | 20,908,000 | 20,176,000 | 20,795,000 | 22,526,000 |