Call reports 2003
FIRST STATE BANK OF MICHIGAN — 2003
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 49,750,000 | 50,066,000 | 52,629,000 | 53,090,000 |
| Total loans | 32,475,000 | 33,621,000 | 34,635,000 | 35,756,000 |
| Allowance for loan losses | 597,000 | 591,000 | 613,000 | 550,000 |
| Securities available for sale | 11,550,000 | 10,337,000 | 13,691,000 | 13,205,000 |
| Securities held to maturity | 3,907,000 | 4,040,000 | 2,417,000 | 2,546,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,382,000 | 36,879,000 | 36,758,000 | 36,593,000 |
| Interest-bearing deposits | 34,878,000 | 34,000,000 | 33,821,000 | 33,740,000 |
| Noninterest-bearing deposits | 2,504,000 | 2,879,000 | 2,937,000 | 2,853,000 |
| Equity capital | 7,415,000 | 7,546,000 | 7,615,000 | 7,725,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 732,000 | 1,455,000 | 2,170,000 | 2,931,000 |
| Interest expense | 283,000 | 557,000 | 820,000 | 1,110,000 |
| Net interest income | 449,000 | 898,000 | 1,350,000 | 1,821,000 |
| Noninterest income | 64,000 | 130,000 | 189,000 | 309,000 |
| Noninterest expense | 350,000 | 692,000 | 1,036,000 | 1,338,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 115,000 |
| Pretax income | 148,000 | 306,000 | 458,000 | 678,000 |
| Income tax | 49,000 | 107,000 | 168,000 | 215,000 |
| Net income | 99,000 | 199,000 | 290,000 | 463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,408,000 | 7,508,000 | 7,599,000 | 7,692,000 |
| Total capital | 7,738,000 | 7,849,000 | 7,955,000 | 8,062,000 |
| Risk-weighted assets | 26,111,000 | 27,011,000 | 28,197,000 | 29,389,000 |