Call reports 2021
UPPER PENINSULA STATE BANK — 2021
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 274,709,000 | 279,924,000 | 284,141,000 | 290,727,000 |
| Total loans | 163,425,000 | 174,655,000 | 178,466,000 | 181,650,000 |
| Allowance for loan losses | 2,539,000 | 2,573,000 | 2,586,000 | 2,702,000 |
| Securities available for sale | 28,693,000 | 27,667,000 | 30,054,000 | 35,843,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 230,946,000 | 235,433,000 | 238,436,000 | 244,935,000 |
| Interest-bearing deposits | 201,546,000 | 204,339,000 | 203,713,000 | 210,797,000 |
| Noninterest-bearing deposits | 29,400,000 | 31,094,000 | 34,723,000 | 34,138,000 |
| Equity capital | 35,822,000 | 36,407,000 | 37,109,000 | 37,985,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,320,000 | 4,608,000 | 7,015,000 | 9,522,000 |
| Interest expense | 276,000 | 531,000 | 778,000 | 1,018,000 |
| Net interest income | 2,044,000 | 4,077,000 | 6,237,000 | 8,504,000 |
| Noninterest income | 534,000 | 1,024,000 | 1,544,000 | 2,031,000 |
| Noninterest expense | 1,580,000 | 3,221,000 | 4,804,000 | 6,677,000 |
| Provision for loan losses | 45,000 | 90,000 | 120,000 | 240,000 |
| Pretax income | 885,000 | 1,812,000 | 2,928,000 | 3,688,000 |
| Income tax | 169,000 | 349,000 | 568,000 | 657,000 |
| Net income | 716,000 | 1,463,000 | 2,360,000 | 3,031,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,194,000 | 38,818,000 | 39,593,000 | 39,318,000 |