Call reports 2003
BANK OF ALPENA — 2003
What BANK OF ALPENA 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 | 48,776,000 | 54,589,000 | 52,945,000 | 55,477,000 |
| Total loans | 26,690,000 | 29,668,000 | 33,982,000 | 36,987,000 |
| Allowance for loan losses | 316,000 | 335,000 | 372,000 | 445,000 |
| Securities available for sale | 16,196,000 | 14,836,000 | 14,199,000 | 12,795,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,156,000 | 49,740,000 | 47,808,000 | 50,505,000 |
| Interest-bearing deposits | 34,980,000 | 31,466,000 | 34,591,000 | 44,710,000 |
| Noninterest-bearing deposits | 9,176,000 | 18,274,000 | 13,217,000 | 5,795,000 |
| Equity capital | 4,547,000 | 4,699,000 | 4,732,000 | 4,813,000 |
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 | 598,000 | 1,223,000 | 1,875,000 | 2,540,000 |
| Interest expense | 154,000 | 303,000 | 436,000 | 559,000 |
| Net interest income | 444,000 | 920,000 | 1,439,000 | 1,981,000 |
| Noninterest income | 21,000 | 47,000 | 72,000 | 96,000 |
| Noninterest expense | 342,000 | 698,000 | 1,061,000 | 1,430,000 |
| Provision for loan losses | 33,000 | 66,000 | 103,000 | 175,000 |
| Pretax income | 90,000 | 203,000 | 347,000 | 472,000 |
| Income tax | 33,000 | 42,000 | 70,000 | 95,000 |
| Net income | 57,000 | 161,000 | 277,000 | 377,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,407,000 | 4,510,000 | 4,627,000 | 4,727,000 |
| Total capital | 4,723,000 | 4,845,000 | 4,999,000 | 5,172,000 |
| Risk-weighted assets | 28,483,000 | 31,547,000 | 34,130,000 | 36,816,000 |