Call reports 2008
UPPER PENINSULA STATE BANK — 2008
What UPPER PENINSULA STATE BANK 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 | 150,889,000 | 157,216,000 | 160,743,000 | 165,420,000 |
| Total loans | 96,774,000 | 95,436,000 | 95,579,000 | 101,292,000 |
| Allowance for loan losses | 1,853,000 | 1,925,000 | 1,552,000 | 2,088,000 |
| Securities available for sale | 40,588,000 | 50,714,000 | 49,259,000 | 47,771,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,636,000 | 116,597,000 | 123,894,000 | 128,393,000 |
| Interest-bearing deposits | 115,961,000 | 108,046,000 | 114,676,000 | 118,357,000 |
| Noninterest-bearing deposits | 7,675,000 | 8,551,000 | 9,218,000 | 10,036,000 |
| Equity capital | 25,081,000 | 24,858,000 | 24,868,000 | 23,667,000 |
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 | 2,404,000 | 4,780,000 | 7,181,000 | 9,555,000 |
| Interest expense | 902,000 | 1,801,000 | 2,676,000 | 3,465,000 |
| Net interest income | 1,502,000 | 2,979,000 | 4,505,000 | 6,090,000 |
| Noninterest income | 153,000 | 324,000 | 465,000 | 622,000 |
| Noninterest expense | 784,000 | 1,641,000 | 2,451,000 | 3,253,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 900,000 |
| Pretax income | 800,000 | 1,516,000 | 2,018,000 | 2,143,000 |
| Income tax | 218,000 | 404,000 | 514,000 | 421,000 |
| Net income | 582,000 | 1,112,000 | 1,504,000 | 1,722,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,133,000 | 25,536,000 | 25,801,000 | 25,175,000 |
| Total capital | 26,509,000 | 26,943,000 | 27,215,000 | 26,647,000 |
| Risk-weighted assets | 109,609,000 | 112,087,000 | 112,965,000 | 117,193,000 |
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