Call reports 2003
MICHIGAN HERITAGE BANK — 2003
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 144,854,000 | 146,313,000 | 137,244,000 | 145,584,000 |
| Total loans | 115,128,000 | 113,527,000 | 105,631,000 | 117,284,000 |
| Allowance for loan losses | 2,006,000 | 1,850,000 | 1,869,000 | 1,775,000 |
| Securities available for sale | 18,655,000 | 22,603,000 | 25,518,000 | 23,072,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,199,000 | 123,455,000 | 112,365,000 | 114,024,000 |
| Interest-bearing deposits | 117,339,000 | 118,475,000 | 106,061,000 | 106,047,000 |
| Noninterest-bearing deposits | 4,860,000 | 4,980,000 | 6,304,000 | 7,977,000 |
| Equity capital | 14,487,000 | 14,573,000 | 14,668,000 | 15,009,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,665,000 | 5,096,000 | 7,441,000 | 9,835,000 |
| Interest expense | 1,060,000 | 2,097,000 | 2,980,000 | 3,822,000 |
| Net interest income | 1,605,000 | 2,999,000 | 4,461,000 | 6,013,000 |
| Noninterest income | 368,000 | 762,000 | 1,093,000 | 1,471,000 |
| Noninterest expense | 1,431,000 | 2,835,000 | 4,164,000 | 5,553,000 |
| Provision for loan losses | 18,000 | 18,000 | 18,000 | 18,000 |
| Pretax income | 544,000 | 928,000 | 1,395,000 | 1,958,000 |
| Income tax | 174,000 | 296,000 | 444,000 | 626,000 |
| Net income | 370,000 | 632,000 | 951,000 | 1,332,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,067,000 | 14,029,000 | 14,349,000 | 14,729,000 |
| Total capital | 15,557,000 | 15,523,000 | 15,778,000 | 16,299,000 |
| Risk-weighted assets | 118,684,000 | 119,159,000 | 113,893,000 | 125,405,000 |