Call reports 2014
UPPER PENINSULA STATE BANK — 2014
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 188,708,000 | 181,883,000 | 181,664,000 | 179,293,000 |
| Total loans | 112,989,000 | 111,930,000 | 112,744,000 | 111,983,000 |
| Allowance for loan losses | 2,944,000 | 2,905,000 | 2,157,000 | 2,134,000 |
| Securities available for sale | 59,175,000 | 50,229,000 | 50,355,000 | 49,070,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,988,000 | 142,718,000 | 141,464,000 | 139,032,000 |
| Interest-bearing deposits | 140,141,000 | 119,829,000 | 126,736,000 | 124,442,000 |
| Noninterest-bearing deposits | 12,847,000 | 22,889,000 | 14,728,000 | 14,590,000 |
| Equity capital | 29,569,000 | 30,363,000 | 31,377,000 | 30,316,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,940,000 | 3,865,000 | 5,775,000 | 7,717,000 |
| Interest expense | 293,000 | 559,000 | 769,000 | 972,000 |
| Net interest income | 1,647,000 | 3,306,000 | 5,006,000 | 6,745,000 |
| Noninterest income | 145,000 | 350,000 | 1,275,000 | 1,473,000 |
| Noninterest expense | 1,105,000 | 2,220,000 | 3,252,000 | 4,287,000 |
| Provision for loan losses | 105,000 | 240,000 | 360,000 | 465,000 |
| Pretax income | 602,000 | 1,254,000 | 2,727,000 | 3,531,000 |
| Income tax | 141,000 | 303,000 | 491,000 | 694,000 |
| Net income | 461,000 | 951,000 | 2,236,000 | 2,837,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,723,000 | 30,258,000 | 31,381,000 | 31,095,000 |
| Total capital | 31,292,000 | 31,773,000 | 32,899,000 | 32,578,000 |
| Risk-weighted assets | 124,194,000 | 119,846,000 | 120,807,000 | 118,060,000 |
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