Call reports 2016
UPPER PENINSULA STATE BANK — 2016
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 183,526,000 | 180,303,000 | 182,068,000 | 181,412,000 |
| Total loans | 116,400,000 | 120,263,000 | 119,158,000 | 120,837,000 |
| Allowance for loan losses | 2,219,000 | 2,270,000 | 2,300,000 | 2,275,000 |
| Securities available for sale | 44,844,000 | 45,051,000 | 45,484,000 | 43,714,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,965,000 | 141,463,000 | 142,194,000 | 142,695,000 |
| Interest-bearing deposits | 131,599,000 | 127,354,000 | 126,898,000 | 124,133,000 |
| Noninterest-bearing deposits | 13,366,000 | 14,109,000 | 15,296,000 | 18,562,000 |
| Equity capital | 31,017,000 | 31,596,000 | 32,109,000 | 31,017,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,881,000 | 3,793,000 | 5,706,000 | 7,587,000 |
| Interest expense | 189,000 | 375,000 | 564,000 | 752,000 |
| Net interest income | 1,692,000 | 3,418,000 | 5,142,000 | 6,835,000 |
| Noninterest income | 214,000 | 410,000 | 700,000 | 986,000 |
| Noninterest expense | 1,185,000 | 2,298,000 | 3,452,000 | 4,580,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 669,000 | 1,419,000 | 2,219,000 | 3,011,000 |
| Income tax | 169,000 | 366,000 | 581,000 | 756,000 |
| Net income | 500,000 | 1,053,000 | 1,638,000 | 2,255,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,825,000 | 32,324,000 | 32,866,000 | 32,565,000 |
| Total capital | 33,419,000 | 33,959,000 | 34,501,000 | 34,217,000 |
| Risk-weighted assets | 126,942,000 | 130,203,000 | 130,210,000 | 131,594,000 |