Call reports 2011
UPPER PENINSULA STATE BANK — 2011
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 189,354,000 | 183,724,000 | 185,059,000 | 191,267,000 |
| Total loans | 105,437,000 | 103,595,000 | 103,099,000 | 103,270,000 |
| Allowance for loan losses | 2,635,000 | 2,102,000 | 2,076,000 | 2,441,000 |
| Securities available for sale | 61,209,000 | 59,008,000 | 57,867,000 | 62,208,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 151,294,000 | 146,630,000 | 147,167,000 | 154,532,000 |
| Interest-bearing deposits | 141,202,000 | 136,686,000 | 136,532,000 | 142,696,000 |
| Noninterest-bearing deposits | 10,092,000 | 9,944,000 | 10,635,000 | 11,836,000 |
| Equity capital | 26,817,000 | 27,578,000 | 28,135,000 | 27,461,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,112,000 | 4,253,000 | 6,409,000 | 8,495,000 |
| Interest expense | 476,000 | 916,000 | 1,359,000 | 1,834,000 |
| Net interest income | 1,636,000 | 3,337,000 | 5,050,000 | 6,661,000 |
| Noninterest income | 155,000 | 336,000 | 531,000 | 762,000 |
| Noninterest expense | 1,002,000 | 2,056,000 | 3,082,000 | 3,873,000 |
| Provision for loan losses | 105,000 | 210,000 | 315,000 | 695,000 |
| Pretax income | 684,000 | 1,404,000 | 2,181,000 | 2,852,000 |
| Income tax | 162,000 | 338,000 | 536,000 | 672,000 |
| Net income | 522,000 | 1,066,000 | 1,645,000 | 2,180,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,219,000 | 27,597,000 | 27,834,000 | 27,615,000 |
| Total capital | 28,780,000 | 29,122,000 | 29,343,000 | 29,155,000 |
| Risk-weighted assets | 123,873,000 | 121,432,000 | 120,213,000 | 122,333,000 |
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