Call reports 2005
MICHIGAN HERITAGE BANK — 2005
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 164,215,000 | 164,065,000 | 176,072,000 | 176,966,000 |
| Total loans | 131,275,000 | 129,948,000 | 140,375,000 | 141,670,000 |
| Allowance for loan losses | 1,369,000 | 1,337,000 | 1,417,000 | 1,559,000 |
| Securities available for sale | 26,160,000 | 25,780,000 | 25,249,000 | 24,763,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,500,000 | 140,808,000 | 152,548,000 | 147,693,000 |
| Interest-bearing deposits | 132,072,000 | 131,690,000 | 144,822,000 | 139,778,000 |
| Noninterest-bearing deposits | 9,428,000 | 9,118,000 | 7,726,000 | 7,916,000 |
| Equity capital | 15,452,000 | 15,680,000 | 15,869,000 | 16,072,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 2,815,000 | 5,687,000 | 8,805,000 | 11,957,000 |
| Interest expense | 1,044,000 | 2,136,000 | 3,350,000 | 4,617,000 |
| Net interest income | 1,771,000 | 3,551,000 | 5,455,000 | 7,340,000 |
| Noninterest income | 202,000 | 439,000 | 456,000 | 585,000 |
| Noninterest expense | 1,651,000 | 3,146,000 | 4,576,000 | 5,988,000 |
| Provision for loan losses | 0 | 97,000 | 204,000 | 311,000 |
| Pretax income | 322,000 | 747,000 | 1,131,000 | 1,626,000 |
| Income tax | 103,000 | 239,000 | 361,000 | 520,000 |
| Net income | 219,000 | 508,000 | 770,000 | 1,106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,630,000 | 15,719,000 | 15,981,000 | 15,827,000 |
| Total capital | 16,999,000 | 17,056,000 | 17,398,000 | 17,386,000 |
| Risk-weighted assets | 142,403,000 | 142,104,000 | 153,635,000 | 154,948,000 |