Call reports 2008
STATE SAVINGS BANK OF MANISTIQUE, THE — 2008
What STATE SAVINGS BANK OF MANISTIQUE, THE 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 | 107,763,000 | 108,080,000 | 108,398,000 | 104,575,000 |
| Total loans | 70,404,000 | 73,570,000 | 71,924,000 | 71,479,000 |
| Allowance for loan losses | 752,000 | 677,000 | 778,000 | 853,000 |
| Securities available for sale | 26,695,000 | 26,294,000 | 26,430,000 | 25,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,135,000 | 83,230,000 | 83,891,000 | 80,429,000 |
| Interest-bearing deposits | 77,763,000 | 75,639,000 | 76,456,000 | 73,712,000 |
| Noninterest-bearing deposits | 6,372,000 | 7,591,000 | 7,435,000 | 6,717,000 |
| Equity capital | 11,827,000 | 11,778,000 | 11,478,000 | 11,651,000 |
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 | 1,631,000 | 3,249,000 | 4,851,000 | 6,451,000 |
| Interest expense | 674,000 | 1,298,000 | 1,894,000 | 2,443,000 |
| Net interest income | 957,000 | 1,951,000 | 2,957,000 | 4,008,000 |
| Noninterest income | 78,000 | 158,000 | 245,000 | 324,000 |
| Noninterest expense | 647,000 | 1,313,000 | 2,005,000 | 2,686,000 |
| Provision for loan losses | 70,000 | 190,000 | 380,000 | 500,000 |
| Pretax income | 318,000 | 606,000 | 817,000 | 1,146,000 |
| Income tax | 36,000 | 45,000 | 124,000 | 179,000 |
| Net income | 282,000 | 561,000 | 693,000 | 967,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,210,000 | 11,427,000 | 11,098,000 | 11,188,000 |
| Total capital | 11,962,000 | 12,104,000 | 11,876,000 | 12,041,000 |
| Risk-weighted assets | 75,505,000 | 79,570,000 | 78,312,000 | 77,272,000 |
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