Call reports 2010
BANK OF ALPENA — 2010
What BANK OF ALPENA reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 76,109,000 | 75,374,000 | 73,209,000 | 69,077,000 |
| Total loans | 51,118,000 | 50,299,000 | 48,643,000 | 46,918,000 |
| Allowance for loan losses | 874,000 | 1,372,000 | 1,285,000 | 1,204,000 |
| Securities available for sale | 17,312,000 | 16,818,000 | 15,763,000 | 15,469,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,632,000 | 68,446,000 | 66,150,000 | 62,040,000 |
| Interest-bearing deposits | 59,279,000 | 56,156,000 | 55,491,000 | 48,503,000 |
| Noninterest-bearing deposits | 9,353,000 | 12,290,000 | 10,659,000 | 13,537,000 |
| Equity capital | 7,056,000 | 6,711,000 | 6,865,000 | 6,799,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,013,000 | 1,969,000 | 2,907,000 | 3,797,000 |
| Interest expense | 146,000 | 276,000 | 391,000 | 502,000 |
| Net interest income | 867,000 | 1,693,000 | 2,516,000 | 3,295,000 |
| Noninterest income | 81,000 | 18,000 | 90,000 | 166,000 |
| Noninterest expense | 756,000 | 1,537,000 | 2,203,000 | 2,928,000 |
| Provision for loan losses | 169,000 | 698,000 | 735,000 | 896,000 |
| Pretax income | 38,000 | -475,000 | -283,000 | -314,000 |
| Income tax | 6,000 | -172,000 | -124,000 | -136,000 |
| Net income | 32,000 | -303,000 | -159,000 | -178,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,852,000 | 6,517,000 | 6,661,000 | 6,521,000 |
| Total capital | 7,501,000 | 7,149,000 | 7,276,000 | 7,097,000 |
| Risk-weighted assets | 51,684,000 | 49,779,000 | 48,523,000 | 45,442,000 |