Call reports 2004
BANK OF ALPENA — 2004
What BANK OF ALPENA 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 | 57,921,000 | 63,046,000 | 61,885,000 | 62,639,000 |
| Total loans | 38,707,000 | 40,098,000 | 40,020,000 | 40,996,000 |
| Allowance for loan losses | 424,000 | 476,000 | 530,000 | 531,000 |
| Securities available for sale | 13,570,000 | 10,174,000 | 15,346,000 | 14,897,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,743,000 | 57,880,000 | 56,594,000 | 56,645,000 |
| Interest-bearing deposits | 35,141,000 | 44,904,000 | 44,565,000 | 47,700,000 |
| Noninterest-bearing deposits | 13,602,000 | 12,976,000 | 12,029,000 | 8,945,000 |
| Equity capital | 4,863,000 | 4,815,000 | 4,969,000 | 4,923,000 |
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 | 692,000 | 1,396,000 | 2,158,000 | 2,954,000 |
| Interest expense | 132,000 | 272,000 | 451,000 | 654,000 |
| Net interest income | 560,000 | 1,124,000 | 1,707,000 | 2,300,000 |
| Noninterest income | 27,000 | 53,000 | 81,000 | 112,000 |
| Noninterest expense | 390,000 | 795,000 | 1,210,000 | 1,587,000 |
| Provision for loan losses | 147,000 | 197,000 | 239,000 | 486,000 |
| Pretax income | 50,000 | 185,000 | 339,000 | 339,000 |
| Income tax | 16,000 | 62,000 | 113,000 | 92,000 |
| Net income | 34,000 | 123,000 | 226,000 | 247,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,761,000 | 4,850,000 | 4,952,000 | 4,973,000 |
| Total capital | 5,185,000 | 5,326,000 | 5,460,000 | 5,501,000 |
| Risk-weighted assets | 38,483,000 | 40,681,000 | 40,634,000 | 42,210,000 |