Call reports 2001
FIRST STATE BANK OF MICHIGAN — 2001
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 48,452,000 | 49,052,000 | 49,874,000 | 48,968,000 |
| Total loans | 26,977,000 | 27,557,000 | 28,782,000 | 29,695,000 |
| Allowance for loan losses | 663,000 | 635,000 | 657,000 | 639,000 |
| Securities available for sale | 1,501,000 | 1,940,000 | 2,046,000 | 2,995,000 |
| Securities held to maturity | 18,384,000 | 17,784,000 | 11,183,000 | 14,523,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,436,000 | 36,590,000 | 37,832,000 | 37,064,000 |
| Interest-bearing deposits | 33,460,000 | 33,386,000 | 34,758,000 | 34,122,000 |
| Noninterest-bearing deposits | 2,976,000 | 3,204,000 | 3,074,000 | 2,942,000 |
| Equity capital | 6,685,000 | 6,800,000 | 6,928,000 | 6,928,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 928,000 | 1,842,000 | 2,778,000 | 3,681,000 |
| Interest expense | 445,000 | 894,000 | 1,340,000 | 1,738,000 |
| Net interest income | 483,000 | 948,000 | 1,438,000 | 1,943,000 |
| Noninterest income | 51,000 | 121,000 | 164,000 | 211,000 |
| Noninterest expense | 341,000 | 713,000 | 1,059,000 | 1,408,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 178,000 | 326,000 | 498,000 | 686,000 |
| Income tax | 56,000 | 88,000 | 136,000 | 229,000 |
| Net income | 122,000 | 238,000 | 362,000 | 457,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,684,000 | 6,800,000 | 6,924,000 | 6,932,000 |
| Total capital | 6,989,000 | 7,119,000 | 7,250,000 | 7,254,000 |
| Risk-weighted assets | 24,103,000 | 25,192,000 | 25,731,000 | 25,444,000 |