Call reports 2007
FIRST STATE BANK OF MICHIGAN — 2007
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 56,677,000 | 57,714,000 | 57,548,000 | 57,818,000 |
| Total loans | 37,131,000 | 37,881,000 | 38,037,000 | 37,528,000 |
| Allowance for loan losses | 563,000 | 578,000 | 589,000 | 563,000 |
| Securities available for sale | 13,028,000 | 13,991,000 | 15,485,000 | 14,505,000 |
| Securities held to maturity | 1,275,000 | 1,024,000 | 1,024,000 | 1,024,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,046,000 | 43,229,000 | 43,096,000 | 43,176,000 |
| Interest-bearing deposits | 38,085,000 | 38,614,000 | 38,144,000 | 39,159,000 |
| Noninterest-bearing deposits | 3,961,000 | 4,615,000 | 4,952,000 | 4,017,000 |
| Equity capital | 8,734,000 | 8,795,000 | 8,763,000 | 8,724,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 872,000 | 1,761,000 | 2,631,000 | 3,472,000 |
| Interest expense | 369,000 | 759,000 | 1,153,000 | 1,557,000 |
| Net interest income | 503,000 | 1,002,000 | 1,478,000 | 1,915,000 |
| Noninterest income | 56,000 | 132,000 | 205,000 | 312,000 |
| Noninterest expense | 362,000 | 754,000 | 1,140,000 | 1,508,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 188,000 | 362,000 | 516,000 | 683,000 |
| Income tax | 38,000 | 78,000 | 102,000 | 123,000 |
| Net income | 150,000 | 284,000 | 414,000 | 560,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,805,000 | 8,940,000 | 8,803,000 | 8,809,000 |
| Total capital | 9,183,000 | 9,323,000 | 9,185,000 | 9,191,000 |
| Risk-weighted assets | 30,035,000 | 30,414,000 | 30,344,000 | 30,408,000 |