Call reports 2018
UPPER PENINSULA STATE BANK — 2018
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 195,696,000 | 193,561,000 | 201,354,000 | 202,413,000 |
| Total loans | 130,954,000 | 137,882,000 | 139,385,000 | 139,699,000 |
| Allowance for loan losses | 2,274,000 | 2,136,000 | 2,157,000 | 2,189,000 |
| Securities available for sale | 48,318,000 | 43,236,000 | 43,452,000 | 43,588,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,310,000 | 152,113,000 | 159,533,000 | 160,718,000 |
| Interest-bearing deposits | 141,452,000 | 135,038,000 | 137,971,000 | 142,657,000 |
| Noninterest-bearing deposits | 16,858,000 | 17,075,000 | 21,562,000 | 18,061,000 |
| Equity capital | 31,880,000 | 31,808,000 | 32,148,000 | 31,680,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,032,000 | 4,117,000 | 6,325,000 | 8,549,000 |
| Interest expense | 209,000 | 426,000 | 701,000 | 1,000,000 |
| Net interest income | 1,823,000 | 3,691,000 | 5,624,000 | 7,549,000 |
| Noninterest income | 231,000 | 518,000 | 841,000 | 1,125,000 |
| Noninterest expense | 1,267,000 | 2,608,000 | 3,938,000 | 5,306,000 |
| Provision for loan losses | 0 | 0 | 0 | 120,000 |
| Pretax income | 787,000 | 1,600,000 | 2,526,000 | 3,247,000 |
| Income tax | 134,000 | 276,000 | 444,000 | 552,000 |
| Net income | 653,000 | 1,324,000 | 2,082,000 | 2,695,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,281,000 | 34,280,000 | 34,758,000 | 34,167,000 |
| Total capital | 36,072,000 | 36,136,000 | 36,643,000 | 36,053,000 |
| Risk-weighted assets | 142,810,000 | 148,232,000 | 150,562,000 | 150,614,000 |