Call reports 2001
INDEPENDENT BANK EAST MICHIGAN — 2001
What INDEPENDENT BANK EAST MICHIGAN reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 309,257,000 | 325,686,000 | 325,498,000 | 328,990,000 |
| Total loans | 225,802,000 | 244,493,000 | 245,529,000 | 238,651,000 |
| Allowance for loan losses | 2,432,000 | 2,611,000 | 2,811,000 | 2,851,000 |
| Securities available for sale | 56,456,000 | 56,474,000 | 55,724,000 | 59,761,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 230,073,000 | 225,140,000 | 254,277,000 | 260,868,000 |
| Interest-bearing deposits | 206,846,000 | 199,125,000 | 229,348,000 | 233,685,000 |
| Noninterest-bearing deposits | 23,227,000 | 26,015,000 | 24,929,000 | 27,183,000 |
| Equity capital | 27,984,000 | 28,085,000 | 29,391,000 | 28,255,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 5,959,000 | 11,792,000 | 17,850,000 | 23,636,000 |
| Interest expense | 2,537,000 | 4,896,000 | 7,298,000 | 9,449,000 |
| Net interest income | 3,422,000 | 6,896,000 | 10,552,000 | 14,187,000 |
| Noninterest income | 498,000 | 1,124,000 | 1,804,000 | 2,527,000 |
| Noninterest expense | 2,420,000 | 4,958,000 | 7,664,000 | 10,339,000 |
| Provision for loan losses | 150,000 | 400,000 | 680,000 | 830,000 |
| Pretax income | 1,350,000 | 2,678,000 | 4,028,000 | 5,561,000 |
| Income tax | 306,000 | 596,000 | 894,000 | 1,248,000 |
| Net income | 1,087,000 | 2,125,000 | 3,177,000 | 4,356,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,756,000 | 21,375,000 | 22,619,000 | 22,521,000 |
| Total capital | 23,188,000 | 23,986,000 | 25,430,000 | 25,372,000 |
| Risk-weighted assets | 222,004,000 | 232,054,000 | 235,464,000 | 235,682,000 |