Call reports 2023
UPPER PENINSULA STATE BANK — 2023
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 303,202,000 | 304,816,000 | 301,179,000 | 306,616,000 |
| Total loans | 220,599,000 | 218,096,000 | 220,715,000 | 231,130,000 |
| Allowance for loan losses | 2,808,000 | 2,765,000 | 2,818,000 | 3,121,000 |
| Securities available for sale | 39,151,000 | 37,777,000 | 37,332,000 | 36,310,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 252,276,000 | 253,337,000 | 248,602,000 | 253,092,000 |
| Interest-bearing deposits | 221,640,000 | 220,770,000 | 216,495,000 | 221,200,000 |
| Noninterest-bearing deposits | 30,636,000 | 32,567,000 | 32,107,000 | 31,892,000 |
| Equity capital | 38,222,000 | 38,561,000 | 39,102,000 | 40,170,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,091,000 | 6,545,000 | 10,109,000 | 13,875,000 |
| Interest expense | 714,000 | 1,534,000 | 2,433,000 | 3,518,000 |
| Net interest income | 2,377,000 | 5,011,000 | 7,676,000 | 10,357,000 |
| Noninterest income | 365,000 | 878,000 | 1,401,000 | 2,411,000 |
| Noninterest expense | 2,210,000 | 4,231,000 | 6,428,000 | 8,641,000 |
| Provision for loan losses | 30,000 | 30,000 | 80,000 | 382,000 |
| Pretax income | 659,000 | 1,705,000 | 2,794,000 | 3,832,000 |
| Income tax | 122,000 | 326,000 | 541,000 | 691,000 |
| Net income | 537,000 | 1,379,000 | 2,253,000 | 3,141,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,860,000 | 41,581,000 | 42,332,000 | 42,232,000 |