Call reports 2002
INDEPENDENT BANK EAST MICHIGAN — 2002
What INDEPENDENT BANK EAST MICHIGAN reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 330,095,000 | 338,266,000 | 342,082,000 | 343,252,000 |
| Total loans | 231,110,000 | 227,976,000 | 231,582,000 | 225,896,000 |
| Allowance for loan losses | 3,122,000 | 3,197,000 | 3,122,000 | 2,436,000 |
| Securities available for sale | 75,805,000 | 82,413,000 | 80,305,000 | 83,438,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 269,471,000 | 263,778,000 | 263,302,000 | 275,130,000 |
| Interest-bearing deposits | 245,239,000 | 238,196,000 | 236,350,000 | 243,987,000 |
| Noninterest-bearing deposits | 24,232,000 | 25,582,000 | 26,952,000 | 31,143,000 |
| Equity capital | 27,562,000 | 29,143,000 | 30,354,000 | 30,013,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 5,304,000 | 10,642,000 | 15,976,000 | 21,275,000 |
| Interest expense | 1,964,000 | 3,801,000 | 5,637,000 | 7,358,000 |
| Net interest income | 3,340,000 | 6,841,000 | 10,339,000 | 13,917,000 |
| Noninterest income | 705,000 | 1,410,000 | 2,113,000 | 3,250,000 |
| Noninterest expense | 2,617,000 | 5,271,000 | 8,090,000 | 10,875,000 |
| Provision for loan losses | 350,000 | 500,000 | 575,000 | 625,000 |
| Pretax income | 1,123,000 | 2,525,000 | 3,923,000 | 5,615,000 |
| Income tax | 177,000 | 462,000 | 737,000 | 1,076,000 |
| Net income | 946,000 | 2,063,000 | 3,186,000 | 4,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,662,000 | 22,453,000 | 22,883,000 | 23,515,000 |
| Total capital | 24,538,000 | 25,359,000 | 25,871,000 | 25,951,000 |
| Risk-weighted assets | 229,842,000 | 232,160,000 | 238,869,000 | 243,271,000 |