Call reports 2024
UPPER PENINSULA STATE BANK — 2024
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 313,621,000 | 322,171,000 | 328,076,000 | 330,271,000 |
| Total loans | 243,423,000 | 250,889,000 | 253,432,000 | 261,389,000 |
| Allowance for loan losses | 3,178,000 | 3,231,000 | 3,252,000 | 3,398,000 |
| Securities available for sale | 36,339,000 | 35,291,000 | 33,043,000 | 30,617,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 260,160,000 | 267,898,000 | 272,107,000 | 273,225,000 |
| Interest-bearing deposits | 229,954,000 | 230,213,000 | 234,073,000 | 236,357,000 |
| Noninterest-bearing deposits | 30,206,000 | 37,685,000 | 38,034,000 | 36,868,000 |
| Equity capital | 40,660,000 | 41,297,000 | 42,770,000 | 43,065,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,945,000 | 8,154,000 | 12,578,000 | 17,148,000 |
| Interest expense | 1,337,000 | 2,759,000 | 4,206,000 | 5,685,000 |
| Net interest income | 2,608,000 | 5,395,000 | 8,372,000 | 11,463,000 |
| Noninterest income | 395,000 | 858,000 | 1,400,000 | 1,916,000 |
| Noninterest expense | 2,295,000 | 4,406,000 | 6,698,000 | 8,950,000 |
| Provision for loan losses | 60,000 | 120,000 | 140,000 | 293,000 |
| Pretax income | 728,000 | 1,870,000 | 3,063,000 | 4,242,000 |
| Income tax | 137,000 | 362,000 | 599,000 | 767,000 |
| Net income | 591,000 | 1,508,000 | 2,464,000 | 3,475,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,700,000 | 43,274,000 | 44,102,000 | 44,103,000 |