Call reports 2004
FIRST BANK, UPPER MICHIGAN — 2004
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 149,394,000 | 150,020,000 | 155,654,000 | 151,949,000 |
| Total loans | 118,654,000 | 123,173,000 | 128,200,000 | 128,414,000 |
| Allowance for loan losses | 3,040,000 | 3,132,000 | 3,219,000 | 3,301,000 |
| Securities available for sale | 18,439,000 | 18,135,000 | 15,123,000 | 16,857,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 118,482,000 | 118,297,000 | 118,971,000 | 111,724,000 |
| Interest-bearing deposits | 107,232,000 | 111,536,000 | 106,284,000 | 100,193,000 |
| Noninterest-bearing deposits | 11,250,000 | 6,761,000 | 12,687,000 | 11,531,000 |
| Equity capital | 15,841,000 | 15,506,000 | 16,457,000 | 17,244,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,386,000 | 4,829,000 | 7,327,000 | 9,795,000 |
| Interest expense | 565,000 | 1,130,000 | 1,705,000 | 2,331,000 |
| Net interest income | 1,821,000 | 3,699,000 | 5,622,000 | 7,464,000 |
| Noninterest income | 429,000 | 917,000 | 1,374,000 | 1,864,000 |
| Noninterest expense | 1,114,000 | 2,230,000 | 3,332,000 | 4,420,000 |
| Provision for loan losses | 105,000 | 232,000 | 327,000 | 442,000 |
| Pretax income | 1,031,000 | 2,152,000 | 3,335,000 | 4,464,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,031,000 | 2,152,000 | 3,335,000 | 4,464,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,087,000 | 15,176,000 | 15,905,000 | 16,794,000 |
| Total capital | 16,505,000 | 16,622,000 | 17,389,000 | 18,269,000 |
| Risk-weighted assets | 111,869,000 | 113,974,000 | 116,958,000 | 116,194,000 |
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