Call reports 2005
FIRST STATE BANK OF MICHIGAN — 2005
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 55,532,000 | 55,236,000 | 55,380,000 | 54,004,000 |
| Total loans | 37,860,000 | 37,963,000 | 38,323,000 | 37,414,000 |
| Allowance for loan losses | 583,000 | 605,000 | 558,000 | 520,000 |
| Securities available for sale | 9,598,000 | 11,296,000 | 10,905,000 | 10,536,000 |
| Securities held to maturity | 4,550,000 | 3,819,000 | 3,817,000 | 2,090,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,984,000 | 39,296,000 | 40,580,000 | 39,516,000 |
| Interest-bearing deposits | 36,463,000 | 35,313,000 | 36,436,000 | 35,742,000 |
| Noninterest-bearing deposits | 3,521,000 | 3,983,000 | 4,144,000 | 3,774,000 |
| Equity capital | 8,201,000 | 8,361,000 | 8,108,000 | 8,105,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 779,000 | 1,581,000 | 2,358,000 | 3,173,000 |
| Interest expense | 254,000 | 512,000 | 784,000 | 1,057,000 |
| Net interest income | 525,000 | 1,069,000 | 1,574,000 | 2,116,000 |
| Noninterest income | 66,000 | 131,000 | 211,000 | 276,000 |
| Noninterest expense | 353,000 | 748,000 | 1,130,000 | 1,515,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 223,000 | 422,000 | 610,000 | 817,000 |
| Income tax | 73,000 | 142,000 | 206,000 | 227,000 |
| Net income | 150,000 | 280,000 | 404,000 | 590,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,287,000 | 8,417,000 | 8,188,000 | 8,235,000 |
| Total capital | 8,676,000 | 8,809,000 | 8,584,000 | 8,628,000 |
| Risk-weighted assets | 31,084,000 | 31,136,000 | 31,542,000 | 31,285,000 |