Call reports 2006
MICHIGAN HERITAGE BANK — 2006
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 172,069,000 | 171,269,000 | 176,144,000 | 179,835,000 |
| Total loans | 140,457,000 | 138,710,000 | 139,133,000 | 145,950,000 |
| Allowance for loan losses | 1,560,000 | 1,524,000 | 1,495,000 | 1,623,000 |
| Securities available for sale | 24,488,000 | 25,334,000 | 28,390,000 | 26,681,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,382,000 | 143,993,000 | 148,013,000 | 152,721,000 |
| Interest-bearing deposits | 131,715,000 | 135,292,000 | 139,445,000 | 141,538,000 |
| Noninterest-bearing deposits | 9,666,000 | 8,701,000 | 8,568,000 | 11,183,000 |
| Equity capital | 16,303,000 | 16,481,000 | 16,927,000 | 16,607,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 3,085,000 | 6,414,000 | 9,929,000 | 13,239,000 |
| Interest expense | 1,313,000 | 2,825,000 | 4,467,000 | 6,209,000 |
| Net interest income | 1,772,000 | 3,589,000 | 5,462,000 | 7,030,000 |
| Noninterest income | 196,000 | 279,000 | 689,000 | 931,000 |
| Noninterest expense | 1,576,000 | 3,089,000 | 4,988,000 | 7,072,000 |
| Provision for loan losses | 0 | 0 | 0 | 370,000 |
| Pretax income | 390,000 | 777,000 | 1,117,000 | 439,000 |
| Income tax | 125,000 | 249,000 | 357,000 | 67,000 |
| Net income | 265,000 | 528,000 | 760,000 | 372,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,582,000 | 16,844,000 | 17,076,000 | 16,689,000 |
| Total capital | 18,142,000 | 18,368,000 | 18,571,000 | 18,312,000 |
| Risk-weighted assets | 152,921,000 | 150,523,000 | 153,628,000 | 158,341,000 |