Call reports 2006
INDEPENDENT BANK EAST MICHIGAN — 2006
What INDEPENDENT BANK EAST MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 724,329,000 | 726,821,000 | 723,402,000 | 712,618,000 |
| Total loans | 566,120,000 | 570,438,000 | 569,049,000 | 561,574,000 |
| Allowance for loan losses | 5,039,000 | 5,412,000 | 5,860,000 | 7,245,000 |
| Securities available for sale | 89,709,000 | 84,361,000 | 82,892,000 | 80,814,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 575,430,000 | 600,413,000 | 598,805,000 | 609,695,000 |
| Interest-bearing deposits | 490,176,000 | 510,347,000 | 516,885,000 | 526,466,000 |
| Noninterest-bearing deposits | 85,254,000 | 90,066,000 | 81,920,000 | 83,229,000 |
| Equity capital | 85,012,000 | 85,453,000 | 82,854,000 | 81,912,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 11,325,000 | 23,515,000 | 35,541,000 | 47,577,000 |
| Interest expense | 3,988,000 | 8,521,000 | 13,497,000 | 18,687,000 |
| Net interest income | 7,337,000 | 14,994,000 | 22,044,000 | 28,890,000 |
| Noninterest income | 1,385,000 | 2,928,000 | 4,435,000 | 5,944,000 |
| Noninterest expense | 5,969,000 | 11,477,000 | 16,651,000 | 21,862,000 |
| Provision for loan losses | 235,000 | 1,273,000 | 4,028,000 | 6,009,000 |
| Pretax income | 2,518,000 | 5,343,000 | 5,971,000 | 7,134,000 |
| Income tax | 621,000 | 1,347,000 | 1,367,000 | 1,540,000 |
| Net income | 1,897,000 | 3,996,000 | 4,604,000 | 5,594,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,416,000 | 55,603,000 | 53,096,000 | 52,459,000 |
| Total capital | 60,126,000 | 61,555,000 | 59,587,000 | 59,643,000 |
| Risk-weighted assets | 570,928,000 | 571,704,000 | 577,748,000 | 570,938,000 |
Machine access — free, no API key
Every figure shown here about INDEPENDENT BANK EAST MICHIGAN — 2006 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.