Call reports 2020
MINERS NATIONAL BANK OF EVELETH, THE — 2020
What MINERS NATIONAL BANK OF EVELETH, THE 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 | 67,268,000 | 70,722,000 | 76,275,000 | 79,120,000 |
| Total loans | 34,230,000 | 37,950,000 | 39,485,000 | 43,566,000 |
| Allowance for loan losses | 301,000 | 325,000 | 323,000 | 401,000 |
| Securities available for sale | 11,279,000 | 11,080,000 | 11,800,000 | 10,930,000 |
| Securities held to maturity | 3,557,000 | 3,624,000 | 3,453,000 | 3,683,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,178,000 | 63,461,000 | 68,898,000 | 71,873,000 |
| Interest-bearing deposits | 47,043,000 | 46,708,000 | 51,963,000 | 54,953,000 |
| Noninterest-bearing deposits | 13,135,000 | 16,753,000 | 16,935,000 | 16,920,000 |
| Equity capital | 6,267,000 | 6,371,000 | 6,697,000 | 6,598,000 |
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 | 630,000 | 1,425,000 | 2,422,000 | 3,319,000 |
| Interest expense | 56,000 | 112,000 | 169,000 | 228,000 |
| Net interest income | 574,000 | 1,313,000 | 2,253,000 | 3,091,000 |
| Noninterest income | 38,000 | 70,000 | 103,000 | 154,000 |
| Noninterest expense | 478,000 | 1,072,000 | 1,604,000 | 2,606,000 |
| Provision for loan losses | 24,000 | 48,000 | 48,000 | 124,000 |
| Pretax income | 110,000 | 263,000 | 704,000 | 515,000 |
| Income tax | -13,000 | 86,000 | 200,000 | 73,000 |
| Net income | 123,000 | 177,000 | 504,000 | 442,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,026,000 | 6,131,000 | 6,491,000 | 6,378,000 |
| Total capital | 6,327,000 | 6,456,000 | — | — |
| Risk-weighted assets | 31,421,000 | 34,209,000 | — | — |