Call reports 2001
MICHIGAN HERITAGE BANK — 2001
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 116,411,000 | 126,643,000 | 136,886,000 | 143,464,000 |
| Total loans | 98,613,000 | 106,232,000 | 116,273,000 | 120,831,000 |
| Allowance for loan losses | 1,856,000 | 1,526,000 | 1,734,000 | 1,802,000 |
| Securities available for sale | 10,750,000 | 12,134,000 | 13,034,000 | 13,727,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,112,000 | 105,235,000 | 113,732,000 | 111,283,000 |
| Interest-bearing deposits | 98,180,000 | 102,520,000 | 110,263,000 | 107,914,000 |
| Noninterest-bearing deposits | 1,932,000 | 2,715,000 | 3,469,000 | 3,369,000 |
| Equity capital | 11,405,000 | 11,527,000 | 11,771,000 | 12,417,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 2,615,000 | 5,244,000 | 7,980,000 | 10,806,000 |
| Interest expense | 1,596,000 | 3,170,000 | 4,751,000 | 6,240,000 |
| Net interest income | 1,019,000 | 2,074,000 | 3,229,000 | 4,566,000 |
| Noninterest income | 144,000 | 361,000 | 555,000 | 794,000 |
| Noninterest expense | 992,000 | 2,080,000 | 3,176,000 | 4,400,000 |
| Provision for loan losses | 30,000 | 62,000 | 347,000 | 877,000 |
| Pretax income | 185,000 | 337,000 | 305,000 | 127,000 |
| Income tax | 55,000 | 101,000 | 85,000 | 16,000 |
| Net income | 130,000 | 236,000 | 220,000 | 111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,292,000 | 11,397,000 | 11,531,000 | 12,272,000 |
| Total capital | 12,543,000 | 12,739,000 | 12,989,000 | 13,801,000 |
| Risk-weighted assets | 99,496,000 | 107,062,000 | 116,273,000 | 122,012,000 |