Call reports 2009
MICHIGAN HERITAGE BANK — 2009
What MICHIGAN HERITAGE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 |
|---|---|
| Total assets | 167,710,000 |
| Total loans | 120,149,000 |
| Allowance for loan losses | 5,124,000 |
| Securities available for sale | 21,410,000 |
| Securities held to maturity | 0 |
| Trading assets | 0 |
| Total deposits | 149,065,000 |
| Interest-bearing deposits | 135,125,000 |
| Noninterest-bearing deposits | 13,940,000 |
| Equity capital | 5,931,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 |
|---|---|
| Interest income | 2,191,000 |
| Interest expense | 1,315,000 |
| Net interest income | 876,000 |
| Noninterest income | 56,000 |
| Noninterest expense | 1,186,000 |
| Provision for loan losses | 180,000 |
| Pretax income | -417,000 |
| Income tax | -170,000 |
| Net income | -320,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 |
|---|---|
| Tier 1 capital | 2,360,000 |
| Total capital | 4,143,000 |
| Risk-weighted assets | 139,542,000 |