Call reports 2004
MICHIGAN HERITAGE BANK — 2004
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 155,094,000 | 157,547,000 | 160,881,000 | 163,660,000 |
| Total loans | 123,535,000 | 126,256,000 | 128,756,000 | 132,366,000 |
| Allowance for loan losses | 1,764,000 | 1,760,000 | 1,750,000 | 2,139,000 |
| Securities available for sale | 25,972,000 | 23,861,000 | 22,336,000 | 22,758,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,302,000 | 133,794,000 | 135,900,000 | 139,016,000 |
| Interest-bearing deposits | 118,761,000 | 121,623,000 | 117,765,000 | 122,181,000 |
| Noninterest-bearing deposits | 12,541,000 | 12,171,000 | 18,135,000 | 16,835,000 |
| Equity capital | 15,425,000 | 15,223,000 | 15,682,000 | 15,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,411,000 | 4,904,000 | 7,501,000 | 10,159,000 |
| Interest expense | 888,000 | 1,818,000 | 2,779,000 | 3,785,000 |
| Net interest income | 1,523,000 | 3,086,000 | 4,722,000 | 6,374,000 |
| Noninterest income | 178,000 | 532,000 | 720,000 | 939,000 |
| Noninterest expense | 1,270,000 | 2,715,000 | 4,147,000 | 5,503,000 |
| Provision for loan losses | 23,000 | 38,000 | 58,000 | 761,000 |
| Pretax income | 408,000 | 874,000 | 1,255,000 | 1,076,000 |
| Income tax | 130,000 | 280,000 | 401,000 | 344,000 |
| Net income | 278,000 | 594,000 | 854,000 | 732,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,007,000 | 15,274,000 | 15,533,000 | 15,411,000 |
| Total capital | 16,656,000 | 16,965,000 | 17,274,000 | 17,176,000 |
| Risk-weighted assets | 131,768,000 | 135,184,000 | 139,215,000 | 140,810,000 |