Call reports 2025
UPPER PENINSULA STATE BANK — 2025
What UPPER PENINSULA STATE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 352,343,000 | 348,967,000 | 356,775,000 | 361,467,000 |
| Total loans | 266,675,000 | 276,498,000 | 285,556,000 | 293,029,000 |
| Allowance for loan losses | 3,429,000 | 3,427,000 | 3,711,000 | 3,992,000 |
| Securities available for sale | 30,851,000 | 27,296,000 | 25,117,000 | 27,418,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 295,000,000 | 290,266,000 | 296,711,000 | 289,708,000 |
| Interest-bearing deposits | 256,195,000 | 251,997,000 | 253,055,000 | 251,735,000 |
| Noninterest-bearing deposits | 38,805,000 | 38,269,000 | 43,656,000 | 37,973,000 |
| Equity capital | 43,848,000 | 44,941,000 | 46,404,000 | 46,716,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 4,603,000 | 9,618,000 | 14,802,000 | 20,105,000 |
| Interest expense | 1,618,000 | 3,257,000 | 4,834,000 | 6,450,000 |
| Net interest income | 2,985,000 | 6,361,000 | 9,968,000 | 13,655,000 |
| Noninterest income | 414,000 | 924,000 | 1,554,000 | 2,046,000 |
| Noninterest expense | 2,458,000 | 4,780,000 | 7,297,000 | 9,724,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 370,000 |
| Pretax income | 890,000 | 2,299,000 | 4,015,000 | 5,334,000 |
| Income tax | 175,000 | 459,000 | 809,000 | 1,000,000 |
| Net income | 715,000 | 1,840,000 | 3,206,000 | 4,334,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,690,000 | 45,687,000 | 46,925,000 | 46,910,000 |