Call reports 2007
MICHIGAN HERITAGE BANK — 2007
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 180,452,000 | 181,026,000 | 184,457,000 | 186,697,000 |
| Total loans | 143,666,000 | 144,817,000 | 144,391,000 | 153,356,000 |
| Allowance for loan losses | 1,637,000 | 1,851,000 | 1,877,000 | 3,438,000 |
| Securities available for sale | 20,988,000 | 27,908,000 | 27,626,000 | 26,975,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 7,026,000 | 1,917,000 | 932,000 | 0 |
| Total deposits | 155,647,000 | 151,328,000 | 159,899,000 | 146,420,000 |
| Interest-bearing deposits | 146,065,000 | 141,402,000 | 150,178,000 | 139,308,000 |
| Noninterest-bearing deposits | 9,582,000 | 9,926,000 | 9,721,000 | 7,112,000 |
| Equity capital | 16,787,000 | 16,637,000 | 16,808,000 | 15,026,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,514,000 | 7,106,000 | 10,675,000 | 13,253,000 |
| Interest expense | 1,817,000 | 3,637,000 | 5,505,000 | 7,346,000 |
| Net interest income | 1,697,000 | 3,469,000 | 5,170,000 | 5,907,000 |
| Noninterest income | 224,000 | 276,000 | 359,000 | 278,000 |
| Noninterest expense | 1,657,000 | 3,356,000 | 4,945,000 | 6,332,000 |
| Provision for loan losses | 60,000 | 120,000 | 230,000 | 2,461,000 |
| Pretax income | 204,000 | 265,000 | 363,000 | -2,575,000 |
| Income tax | 31,000 | 34,000 | 47,000 | -942,000 |
| Net income | 173,000 | 231,000 | 316,000 | -1,633,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,727,000 | 16,791,000 | 16,776,000 | 14,928,000 |
| Total capital | 18,364,000 | 18,642,000 | 18,653,000 | 17,034,000 |
| Risk-weighted assets | 155,759,000 | 157,119,000 | 159,538,000 | 166,670,000 |