Call reports 2004
FIRST STATE BANK OF MICHIGAN — 2004
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 55,341,000 | 54,373,000 | 54,862,000 | 54,822,000 |
| Total loans | 35,715,000 | 36,737,000 | 37,076,000 | 38,193,000 |
| Allowance for loan losses | 566,000 | 582,000 | 594,000 | 572,000 |
| Securities available for sale | 12,150,000 | 12,274,000 | 12,303,000 | 11,675,000 |
| Securities held to maturity | 2,676,000 | 3,446,000 | 3,521,000 | 3,468,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,891,000 | 38,256,000 | 38,110,000 | 38,398,000 |
| Interest-bearing deposits | 35,832,000 | 35,404,000 | 34,783,000 | 34,962,000 |
| Noninterest-bearing deposits | 3,059,000 | 2,852,000 | 3,327,000 | 3,436,000 |
| Equity capital | 7,853,000 | 7,846,000 | 8,084,000 | 8,102,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 754,000 | 1,492,000 | 2,255,000 | 3,024,000 |
| Interest expense | 279,000 | 542,000 | 798,000 | 1,049,000 |
| Net interest income | 475,000 | 950,000 | 1,457,000 | 1,975,000 |
| Noninterest income | 66,000 | 143,000 | 245,000 | 316,000 |
| Noninterest expense | 363,000 | 724,000 | 1,068,000 | 1,446,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 163,000 | 339,000 | 589,000 | 785,000 |
| Income tax | 51,000 | 102,000 | 181,000 | 240,000 |
| Net income | 112,000 | 237,000 | 408,000 | 545,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,804,000 | 7,929,000 | 8,099,000 | 8,137,000 |
| Total capital | 8,176,000 | 8,304,000 | 8,472,000 | 8,523,000 |
| Risk-weighted assets | 29,535,000 | 29,789,000 | 29,745,000 | 30,656,000 |