Call reports 2003
FIRST BANK, UPPER MICHIGAN — 2003
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 135,723,000 | 136,522,000 | 142,777,000 | 140,926,000 |
| Total loans | 108,772,000 | 113,590,000 | 117,850,000 | 118,118,000 |
| Allowance for loan losses | 2,318,000 | 2,548,000 | 2,784,000 | 2,930,000 |
| Securities available for sale | 14,586,000 | 12,467,000 | 13,378,000 | 14,186,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 114,005,000 | 114,555,000 | 116,350,000 | 110,422,000 |
| Interest-bearing deposits | 103,279,000 | 100,244,000 | 101,666,000 | 99,056,000 |
| Noninterest-bearing deposits | 10,726,000 | 14,311,000 | 14,684,000 | 11,366,000 |
| Equity capital | 13,723,000 | 13,817,000 | 14,325,000 | 15,459,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,362,000 | 4,747,000 | 7,256,000 | 9,737,000 |
| Interest expense | 672,000 | 1,285,000 | 1,858,000 | 2,432,000 |
| Net interest income | 1,690,000 | 3,462,000 | 5,398,000 | 7,305,000 |
| Noninterest income | 493,000 | 1,162,000 | 1,793,000 | 2,293,000 |
| Noninterest expense | 1,042,000 | 2,125,000 | 3,238,000 | 4,335,000 |
| Provision for loan losses | 145,000 | 390,000 | 635,000 | 800,000 |
| Pretax income | 996,000 | 2,109,000 | 3,314,000 | 4,454,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 996,000 | 2,109,000 | 3,314,000 | 4,454,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,980,000 | 12,979,000 | 13,683,000 | 14,785,000 |
| Total capital | 14,262,000 | 14,311,000 | 15,077,000 | 16,182,000 |
| Risk-weighted assets | 101,486,000 | 105,374,000 | 110,131,000 | 110,174,000 |
Machine access — free, no API key
Every figure shown here about FIRST BANK, UPPER MICHIGAN — 2003 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts, and since 27 September get_timeseries for a metric over time with its gap years made explicit and compare_entities for several entities on one shared period) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.