Call reports 2002
MICHIGAN HERITAGE BANK — 2002
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 137,572,000 | 143,618,000 | 145,677,000 | 152,070,000 |
| Total loans | 117,427,000 | 120,740,000 | 124,227,000 | 121,580,000 |
| Allowance for loan losses | 1,773,000 | 1,779,000 | 1,798,000 | 2,013,000 |
| Securities available for sale | 16,901,000 | 18,390,000 | 17,668,000 | 17,913,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,467,000 | 115,915,000 | 123,671,000 | 120,279,000 |
| Interest-bearing deposits | 106,882,000 | 110,567,000 | 117,967,000 | 114,998,000 |
| Noninterest-bearing deposits | 2,585,000 | 5,348,000 | 5,704,000 | 5,281,000 |
| Equity capital | 12,668,000 | 13,212,000 | 13,695,000 | 14,134,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,802,000 | 5,558,000 | 8,373,000 | 11,148,000 |
| Interest expense | 1,307,000 | 2,538,000 | 3,771,000 | 4,857,000 |
| Net interest income | 1,495,000 | 3,020,000 | 4,602,000 | 6,291,000 |
| Noninterest income | 106,000 | 381,000 | 762,000 | 1,443,000 |
| Noninterest expense | 1,174,000 | 2,325,000 | 3,610,000 | 5,040,000 |
| Provision for loan losses | 75,000 | 260,000 | 441,000 | 701,000 |
| Pretax income | 352,000 | 816,000 | 1,313,000 | 1,993,000 |
| Income tax | 112,000 | 260,000 | 419,000 | 637,000 |
| Net income | 240,000 | 556,000 | 894,000 | 1,356,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,582,000 | 12,898,000 | 13,236,000 | 13,698,000 |
| Total capital | 14,088,000 | 14,434,000 | 14,791,000 | 15,254,000 |
| Risk-weighted assets | 120,238,000 | 122,638,000 | 124,127,000 | 123,985,000 |