Call reports 2015
UPPER PENINSULA STATE BANK — 2015
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 188,732,000 | 183,151,000 | 175,914,000 | 176,296,000 |
| Total loans | 110,987,000 | 112,960,000 | 113,353,000 | 115,105,000 |
| Allowance for loan losses | 2,224,000 | 2,291,000 | 2,326,000 | 2,252,000 |
| Securities available for sale | 51,001,000 | 53,780,000 | 50,805,000 | 48,569,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,854,000 | 145,057,000 | 137,347,000 | 137,828,000 |
| Interest-bearing deposits | 133,948,000 | 131,190,000 | 124,551,000 | 122,232,000 |
| Noninterest-bearing deposits | 13,906,000 | 13,867,000 | 12,796,000 | 15,596,000 |
| Equity capital | 30,926,000 | 31,006,000 | 31,535,000 | 31,050,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,826,000 | 3,716,000 | 5,619,000 | 7,494,000 |
| Interest expense | 196,000 | 395,000 | 591,000 | 784,000 |
| Net interest income | 1,630,000 | 3,321,000 | 5,028,000 | 6,710,000 |
| Noninterest income | 169,000 | 399,000 | 653,000 | 881,000 |
| Noninterest expense | 1,045,000 | 2,151,000 | 3,338,000 | 4,552,000 |
| Provision for loan losses | 90,000 | 150,000 | 210,000 | 270,000 |
| Pretax income | 664,000 | 1,424,000 | 2,144,000 | 2,781,000 |
| Income tax | 170,000 | 368,000 | 555,000 | 679,000 |
| Net income | 494,000 | 1,056,000 | 1,589,000 | 2,102,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,984,000 | 31,945,000 | 32,311,000 | 31,949,000 |
| Total capital | 31,483,000 | 33,506,000 | 33,878,000 | 33,536,000 |
| Risk-weighted assets | 119,248,000 | 124,190,000 | 124,631,000 | 126,328,000 |