Call reports 2007
BANK OF ALPENA — 2007
What BANK OF ALPENA reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 80,803,000 | 92,311,000 | 80,157,000 | 87,750,000 |
| Total loans | 54,018,000 | 56,098,000 | 56,743,000 | 59,123,000 |
| Allowance for loan losses | 860,000 | 900,000 | 938,000 | 982,000 |
| Securities available for sale | 18,640,000 | 17,913,000 | 16,619,000 | 15,833,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,301,000 | 85,809,000 | 69,432,000 | 80,744,000 |
| Interest-bearing deposits | 59,731,000 | 69,186,000 | 50,146,000 | 63,680,000 |
| Noninterest-bearing deposits | 14,570,000 | 16,623,000 | 19,286,000 | 17,064,000 |
| Equity capital | 6,014,000 | 5,979,000 | 6,223,000 | 6,427,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,280,000 | 2,561,000 | 3,893,000 | 5,212,000 |
| Interest expense | 509,000 | 1,015,000 | 1,551,000 | 2,105,000 |
| Net interest income | 771,000 | 1,546,000 | 2,342,000 | 3,107,000 |
| Noninterest income | 47,000 | 103,000 | 166,000 | 205,000 |
| Noninterest expense | 641,000 | 1,301,000 | 1,948,000 | 2,593,000 |
| Provision for loan losses | 34,000 | 80,000 | 126,000 | 169,000 |
| Pretax income | 143,000 | 268,000 | 434,000 | 550,000 |
| Income tax | 49,000 | 91,000 | 147,000 | 138,000 |
| Net income | 94,000 | 177,000 | 287,000 | 412,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,001,000 | 6,084,000 | 6,194,000 | 6,320,000 |
| Total capital | 6,666,000 | 6,797,000 | 6,877,000 | 7,045,000 |
| Risk-weighted assets | 52,988,000 | 56,844,000 | 54,394,000 | 57,735,000 |