Call reports 2006
FIRST STATE BANK OF MICHIGAN — 2006
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 53,913,000 | 53,972,000 | 54,675,000 | 55,495,000 |
| Total loans | 36,839,000 | 36,900,000 | 36,589,000 | 37,277,000 |
| Allowance for loan losses | 548,000 | 526,000 | 545,000 | 548,000 |
| Securities available for sale | 11,806,000 | 12,455,000 | 12,563,000 | 12,583,000 |
| Securities held to maturity | 2,063,000 | 1,462,000 | 1,461,000 | 1,275,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,518,000 | 39,658,000 | 40,086,000 | 40,832,000 |
| Interest-bearing deposits | 35,585,000 | 34,861,000 | 35,567,000 | 36,094,000 |
| Noninterest-bearing deposits | 3,933,000 | 4,797,000 | 4,519,000 | 4,738,000 |
| Equity capital | 8,267,000 | 8,362,000 | 8,610,000 | 8,579,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 806,000 | 1,638,000 | 2,480,000 | 3,350,000 |
| Interest expense | 288,000 | 596,000 | 927,000 | 1,281,000 |
| Net interest income | 518,000 | 1,042,000 | 1,553,000 | 2,069,000 |
| Noninterest income | 68,000 | 139,000 | 215,000 | 213,000 |
| Noninterest expense | 362,000 | 746,000 | 1,114,000 | 1,486,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 209,000 | 405,000 | 609,000 | 736,000 |
| Income tax | 46,000 | 97,000 | 145,000 | 174,000 |
| Net income | 163,000 | 308,000 | 464,000 | 562,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,397,000 | 8,542,000 | 8,698,000 | 8,655,000 |
| Total capital | 8,773,000 | 8,916,000 | 9,070,000 | 9,026,000 |
| Risk-weighted assets | 29,944,000 | 29,766,000 | 29,552,000 | 29,543,000 |