Call reports 2004
INDEPENDENT BANK EAST MICHIGAN — 2004
What INDEPENDENT BANK EAST MICHIGAN reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 350,581,000 | 661,929,000 | 667,385,000 | 675,157,000 |
| Total loans | 236,198,000 | 465,952,000 | 485,454,000 | 501,721,000 |
| Allowance for loan losses | 2,367,000 | 5,659,000 | 6,482,000 | 5,749,000 |
| Securities available for sale | 88,609,000 | 111,466,000 | 111,735,000 | 104,735,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 260,878,000 | 471,609,000 | 493,658,000 | 486,691,000 |
| Interest-bearing deposits | 227,695,000 | 380,003,000 | 404,461,000 | 392,843,000 |
| Noninterest-bearing deposits | 33,183,000 | 91,606,000 | 89,197,000 | 93,848,000 |
| Equity capital | 31,839,000 | 80,670,000 | 81,852,000 | 82,971,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 4,892,000 | 11,016,000 | 19,940,000 | 29,244,000 |
| Interest expense | 1,215,000 | 2,586,000 | 4,395,000 | 6,378,000 |
| Net interest income | 3,677,000 | 8,430,000 | 15,545,000 | 22,866,000 |
| Noninterest income | 883,000 | 2,294,000 | 3,596,000 | 4,982,000 |
| Noninterest expense | 3,236,000 | 7,648,000 | 13,368,000 | 18,656,000 |
| Provision for loan losses | 40,000 | 200,000 | 1,117,000 | 457,000 |
| Pretax income | 1,449,000 | 3,043,000 | 5,366,000 | 9,515,000 |
| Income tax | 270,000 | 582,000 | 1,128,000 | 2,283,000 |
| Net income | 1,179,000 | 2,461,000 | 4,238,000 | 7,232,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,659,000 | 46,402,000 | 46,336,000 | 48,680,000 |
| Total capital | 27,041,000 | 52,450,000 | 52,557,000 | 55,000,000 |
| Risk-weighted assets | 241,860,000 | 484,882,000 | 496,894,000 | 515,451,000 |