Call reports 2010
UPPER PENINSULA STATE BANK — 2010
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 179,691,000 | 180,173,000 | 192,206,000 | 191,689,000 |
| Total loans | 103,121,000 | 106,146,000 | 104,350,000 | 104,756,000 |
| Allowance for loan losses | 2,415,000 | 2,512,000 | 2,618,000 | 2,585,000 |
| Securities available for sale | 51,769,000 | 54,154,000 | 56,135,000 | 57,633,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,845,000 | 142,189,000 | 153,212,000 | 154,311,000 |
| Interest-bearing deposits | 133,626,000 | 131,497,000 | 143,576,000 | 144,034,000 |
| Noninterest-bearing deposits | 8,219,000 | 10,692,000 | 9,636,000 | 10,277,000 |
| Equity capital | 25,913,000 | 26,108,000 | 26,961,000 | 26,056,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,197,000 | 4,370,000 | 6,636,000 | 8,764,000 |
| Interest expense | 591,000 | 1,168,000 | 1,727,000 | 2,261,000 |
| Net interest income | 1,606,000 | 3,202,000 | 4,909,000 | 6,503,000 |
| Noninterest income | 144,000 | 313,000 | 531,000 | 737,000 |
| Noninterest expense | 962,000 | 1,985,000 | 2,966,000 | 3,972,000 |
| Provision for loan losses | 90,000 | 190,000 | 295,000 | 525,000 |
| Pretax income | 725,000 | 1,365,000 | 2,205,000 | 2,770,000 |
| Income tax | 182,000 | 335,000 | 553,000 | 650,000 |
| Net income | 543,000 | 1,030,000 | 1,652,000 | 2,120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,467,000 | 26,733,000 | 27,047,000 | 26,757,000 |
| Total capital | 27,976,000 | 28,281,000 | 28,588,000 | 28,313,000 |
| Risk-weighted assets | 119,882,000 | 122,899,000 | 122,203,000 | 123,521,000 |
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