Call reports 2005
BANK OF ALPENA — 2005
What BANK OF ALPENA reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 59,824,000 | 65,837,000 | 62,398,000 | 65,127,000 |
| Total loans | 41,117,000 | 41,819,000 | 43,761,000 | 44,473,000 |
| Allowance for loan losses | 563,000 | 604,000 | 657,000 | 658,000 |
| Securities available for sale | 13,189,000 | 13,070,000 | 12,303,000 | 12,062,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,443,000 | 60,209,000 | 56,562,000 | 58,383,000 |
| Interest-bearing deposits | 41,421,000 | 49,409,000 | 46,727,000 | 46,692,000 |
| Noninterest-bearing deposits | 13,022,000 | 10,800,000 | 9,835,000 | 11,691,000 |
| Equity capital | 4,938,000 | 5,101,000 | 5,219,000 | 5,356,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 801,000 | 1,686,000 | 2,616,000 | 3,574,000 |
| Interest expense | 204,000 | 418,000 | 646,000 | 887,000 |
| Net interest income | 597,000 | 1,268,000 | 1,970,000 | 2,687,000 |
| Noninterest income | 28,000 | 61,000 | 102,000 | 137,000 |
| Noninterest expense | 434,000 | 921,000 | 1,418,000 | 1,915,000 |
| Provision for loan losses | 32,000 | 72,000 | 124,000 | 124,000 |
| Pretax income | 159,000 | 336,000 | 530,000 | 785,000 |
| Income tax | 54,000 | 114,000 | 179,000 | 258,000 |
| Net income | 105,000 | 222,000 | 351,000 | 527,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,078,000 | 5,195,000 | 5,324,000 | 5,500,000 |
| Total capital | 5,557,000 | 5,700,000 | 5,839,000 | 6,033,000 |
| Risk-weighted assets | 38,264,000 | 40,323,000 | 41,028,000 | 42,512,000 |