Call reports 2020
UPPER PENINSULA STATE BANK — 2020
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 223,136,000 | 246,000,000 | 243,987,000 | 253,888,000 |
| Total loans | 152,350,000 | 157,242,000 | 164,078,000 | 164,845,000 |
| Allowance for loan losses | 2,332,000 | 2,349,000 | 2,305,000 | 2,493,000 |
| Securities available for sale | 35,096,000 | 31,906,000 | 30,726,000 | 28,965,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,426,000 | 200,326,000 | 200,894,000 | 209,710,000 |
| Interest-bearing deposits | 159,878,000 | 170,753,000 | 171,706,000 | 183,475,000 |
| Noninterest-bearing deposits | 17,548,000 | 29,573,000 | 29,188,000 | 26,235,000 |
| Equity capital | 34,623,000 | 35,668,000 | 36,305,000 | 35,451,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,252,000 | 4,446,000 | 6,689,000 | 8,967,000 |
| Interest expense | 360,000 | 705,000 | 1,031,000 | 1,325,000 |
| Net interest income | 1,892,000 | 3,741,000 | 5,658,000 | 7,642,000 |
| Noninterest income | 573,000 | 1,185,000 | 1,883,000 | 2,627,000 |
| Noninterest expense | 1,345,000 | 2,759,000 | 4,199,000 | 5,915,000 |
| Provision for loan losses | 15,000 | 30,000 | 60,000 | 310,000 |
| Pretax income | 835,000 | 1,949,000 | 3,279,000 | 4,193,000 |
| Income tax | 153,000 | 367,000 | 628,000 | 775,000 |
| Net income | 682,000 | 1,582,000 | 2,651,000 | 3,418,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,449,000 | 37,233,000 | 37,749,000 | 37,598,000 |