Call reports 2008
BANK OF ALPENA — 2008
What BANK OF ALPENA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 84,864,000 | 89,976,000 | 88,042,000 | 80,938,000 |
| Total loans | 59,623,000 | 62,846,000 | 62,186,000 | 61,277,000 |
| Allowance for loan losses | 994,000 | 1,693,000 | 1,087,000 | 1,066,000 |
| Securities available for sale | 15,998,000 | 14,896,000 | 14,808,000 | 13,531,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,283,000 | 82,016,000 | 79,589,000 | 73,728,000 |
| Interest-bearing deposits | 51,003,000 | 61,439,000 | 61,251,000 | 56,427,000 |
| Noninterest-bearing deposits | 23,280,000 | 20,577,000 | 18,338,000 | 17,301,000 |
| Equity capital | 6,737,000 | 6,307,000 | 6,553,000 | 6,786,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,296,000 | 2,677,000 | 3,933,000 | 5,171,000 |
| Interest expense | 482,000 | 857,000 | 1,219,000 | 1,620,000 |
| Net interest income | 814,000 | 1,820,000 | 2,714,000 | 3,551,000 |
| Noninterest income | 74,000 | 150,000 | 231,000 | 279,000 |
| Noninterest expense | 683,000 | 1,365,000 | 2,049,000 | 2,682,000 |
| Provision for loan losses | 21,000 | 720,000 | 737,000 | 786,000 |
| Pretax income | 184,000 | -115,000 | 159,000 | 362,000 |
| Income tax | 63,000 | -60,000 | 19,000 | 70,000 |
| Net income | 121,000 | -55,000 | 140,000 | 292,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,441,000 | 6,265,000 | 6,459,000 | 6,611,000 |
| Total capital | 7,162,000 | 7,009,000 | 7,196,000 | 7,324,000 |
| Risk-weighted assets | 57,425,000 | 58,579,000 | 58,629,000 | 56,779,000 |