Call reports 2002
FIRST STATE BANK OF MICHIGAN — 2002
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 51,930,000 | 53,360,000 | 49,282,000 | 48,938,000 |
| Total loans | 29,640,000 | 31,545,000 | 32,621,000 | 32,948,000 |
| Allowance for loan losses | 657,000 | 678,000 | 667,000 | 588,000 |
| Securities available for sale | 5,557,000 | 5,129,000 | 2,512,000 | 8,242,000 |
| Securities held to maturity | 14,321,000 | 15,123,000 | 12,426,000 | 4,162,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,202,000 | 37,587,000 | 36,334,000 | 36,548,000 |
| Interest-bearing deposits | 36,402,000 | 34,550,000 | 33,436,000 | 33,741,000 |
| Noninterest-bearing deposits | 2,800,000 | 3,037,000 | 2,898,000 | 2,807,000 |
| Equity capital | 7,017,000 | 7,236,000 | 7,375,000 | 7,307,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 844,000 | 1,768,000 | 2,651,000 | 3,417,000 |
| Interest expense | 380,000 | 762,000 | 1,114,000 | 1,423,000 |
| Net interest income | 464,000 | 1,006,000 | 1,537,000 | 1,994,000 |
| Noninterest income | 58,000 | 123,000 | 174,000 | 244,000 |
| Noninterest expense | 341,000 | 704,000 | 1,060,000 | 1,468,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 75,000 |
| Pretax income | 166,000 | 395,000 | 606,000 | 695,000 |
| Income tax | 52,000 | 110,000 | 170,000 | 230,000 |
| Net income | 114,000 | 285,000 | 436,000 | 465,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,045,000 | 7,217,000 | 7,368,000 | 7,309,000 |
| Total capital | 7,373,000 | 7,557,000 | 7,700,000 | 7,637,000 |
| Risk-weighted assets | 25,885,000 | 26,894,000 | 26,237,000 | 25,965,000 |