Call reports 2022
UPPER PENINSULA STATE BANK — 2022
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 307,156,000 | 302,079,000 | 287,136,000 | 292,232,000 |
| Total loans | 185,700,000 | 192,967,000 | 207,982,000 | 212,867,000 |
| Allowance for loan losses | 2,732,000 | 2,764,000 | 2,775,000 | 2,776,000 |
| Securities available for sale | 40,197,000 | 43,352,000 | 41,935,000 | 39,191,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 262,312,000 | 257,974,000 | 242,498,000 | 242,479,000 |
| Interest-bearing deposits | 229,475,000 | 222,228,000 | 205,953,000 | 206,522,000 |
| Noninterest-bearing deposits | 32,837,000 | 35,746,000 | 36,545,000 | 35,957,000 |
| Equity capital | 36,809,000 | 36,418,000 | 36,498,000 | 37,142,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 2,328,000 | 4,873,000 | 7,703,000 | 10,600,000 |
| Interest expense | 238,000 | 455,000 | 668,000 | 1,050,000 |
| Net interest income | 2,090,000 | 4,418,000 | 7,035,000 | 9,550,000 |
| Noninterest income | 367,000 | 797,000 | 1,148,000 | 1,566,000 |
| Noninterest expense | 1,826,000 | 3,799,000 | 5,813,000 | 7,703,000 |
| Provision for loan losses | 45,000 | 75,000 | 85,000 | 85,000 |
| Pretax income | 257,000 | 1,018,000 | 1,948,000 | 2,964,000 |
| Income tax | 39,000 | 252,000 | 362,000 | 503,000 |
| Net income | 218,000 | 766,000 | 1,586,000 | 2,461,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,413,000 | 39,839,000 | 40,536,000 | 40,445,000 |