Call reports 2002
BANK OF ALPENA — 2002
What BANK OF ALPENA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 37,970,000 | 37,228,000 | 43,294,000 | 50,416,000 |
| Total loans | 18,130,000 | 20,509,000 | 22,979,000 | 25,681,000 |
| Allowance for loan losses | 181,000 | 216,000 | 241,000 | 290,000 |
| Securities available for sale | 10,402,000 | 9,895,000 | 14,111,000 | 17,050,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,645,000 | 32,873,000 | 38,813,000 | 45,838,000 |
| Interest-bearing deposits | 29,156,000 | 25,095,000 | 28,891,000 | 32,009,000 |
| Noninterest-bearing deposits | 4,489,000 | 7,778,000 | 9,922,000 | 13,829,000 |
| Equity capital | 4,187,000 | 4,291,000 | 4,395,000 | 4,492,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 410,000 | 882,000 | 1,415,000 | 2,005,000 |
| Interest expense | 98,000 | 196,000 | 331,000 | 484,000 |
| Net interest income | 312,000 | 686,000 | 1,084,000 | 1,521,000 |
| Noninterest income | 17,000 | 38,000 | 61,000 | 84,000 |
| Noninterest expense | 319,000 | 640,000 | 969,000 | 1,307,000 |
| Provision for loan losses | 112,000 | 148,000 | 183,000 | 231,000 |
| Pretax income | -102,000 | -64,000 | 1,000 | 75,000 |
| Income tax | 0 | 0 | 0 | 15,000 |
| Net income | -102,000 | -64,000 | 1,000 | 60,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,180,000 | 4,218,000 | 4,284,000 | 4,342,000 |
| Total capital | 4,361,000 | 4,434,000 | 4,525,000 | 4,632,000 |
| Risk-weighted assets | 22,816,000 | 23,944,000 | 26,712,000 | 28,596,000 |