Call reports 2007
INDEPENDENT BANK EAST MICHIGAN — 2007
What INDEPENDENT BANK EAST MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Total assets | 711,755,000 | 695,545,000 |
| Total loans | 554,328,000 | 558,013,000 |
| Allowance for loan losses | 8,668,000 | 9,039,000 |
| Securities available for sale | 71,525,000 | 66,229,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 613,900,000 | 591,525,000 |
| Interest-bearing deposits | 528,266,000 | 507,930,000 |
| Noninterest-bearing deposits | 85,634,000 | 83,595,000 |
| Equity capital | 79,908,000 | 78,120,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Interest income | 11,724,000 | 23,393,000 |
| Interest expense | 4,968,000 | 10,054,000 |
| Net interest income | 6,756,000 | 13,339,000 |
| Noninterest income | 1,523,000 | 3,161,000 |
| Noninterest expense | 5,847,000 | 12,226,000 |
| Provision for loan losses | 2,686,000 | 6,824,000 |
| Pretax income | -175,000 | -2,471,000 |
| Income tax | -284,000 | -1,266,000 |
| Net income | 109,000 | -1,205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Tier 1 capital | 50,943,000 | 49,997,000 |
| Total capital | 57,976,000 | 57,004,000 |
| Risk-weighted assets | 560,277,000 | 557,607,000 |