Call reports 2003
INDEPENDENT BANK EAST MICHIGAN — 2003
What INDEPENDENT BANK EAST MICHIGAN reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 342,659,000 | 356,591,000 | 355,661,000 | 354,204,000 |
| Total loans | 228,483,000 | 231,408,000 | 233,759,000 | 231,720,000 |
| Allowance for loan losses | 2,560,000 | 2,885,000 | 2,633,000 | 2,434,000 |
| Securities available for sale | 84,706,000 | 98,136,000 | 93,834,000 | 92,790,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 252,028,000 | 267,283,000 | 257,759,000 | 273,581,000 |
| Interest-bearing deposits | 223,174,000 | 232,360,000 | 223,990,000 | 237,139,000 |
| Noninterest-bearing deposits | 28,854,000 | 34,923,000 | 33,769,000 | 36,442,000 |
| Equity capital | 30,285,000 | 31,159,000 | 30,840,000 | 30,632,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 5,044,000 | 10,049,000 | 15,084,000 | 20,188,000 |
| Interest expense | 1,475,000 | 2,964,000 | 4,408,000 | 5,734,000 |
| Net interest income | 3,569,000 | 7,085,000 | 10,676,000 | 14,454,000 |
| Noninterest income | 988,000 | 2,360,000 | 3,818,000 | 4,909,000 |
| Noninterest expense | 3,082,000 | 6,143,000 | 9,296,000 | 12,577,000 |
| Provision for loan losses | 250,000 | 650,000 | 514,000 | 630,000 |
| Pretax income | 1,347,000 | 2,821,000 | 4,717,000 | 6,196,000 |
| Income tax | 219,000 | 428,000 | 832,000 | 1,120,000 |
| Net income | 1,128,000 | 2,393,000 | 3,885,000 | 5,076,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,870,000 | 23,635,000 | 24,568,000 | 24,080,000 |
| Total capital | 26,430,000 | 26,525,000 | 27,219,000 | 26,529,000 |
| Risk-weighted assets | 242,636,000 | 242,880,000 | 245,231,000 | 245,455,000 |