Call reports 2008
FIRST STATE BANK OF MICHIGAN — 2008
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 59,330,000 | 59,103,000 | 53,988,000 | 53,944,000 |
| Total loans | 37,241,000 | 37,497,000 | 37,650,000 | 37,674,000 |
| Allowance for loan losses | 547,000 | 553,000 | 529,000 | 492,000 |
| Securities available for sale | 10,936,000 | 10,093,000 | 9,049,000 | 9,158,000 |
| Securities held to maturity | 1,024,000 | 1,024,000 | 1,024,000 | 1,024,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,734,000 | 44,708,000 | 42,503,000 | 43,803,000 |
| Interest-bearing deposits | 41,013,000 | 40,999,000 | 39,076,000 | 40,135,000 |
| Noninterest-bearing deposits | 3,721,000 | 3,709,000 | 3,427,000 | 3,668,000 |
| Equity capital | 8,897,000 | 8,859,000 | 8,959,000 | 9,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 801,000 | 1,577,000 | 2,354,000 | 3,113,000 |
| Interest expense | 390,000 | 747,000 | 1,080,000 | 1,348,000 |
| Net interest income | 411,000 | 830,000 | 1,274,000 | 1,765,000 |
| Noninterest income | 8,000 | 74,000 | 143,000 | 177,000 |
| Noninterest expense | 374,000 | 737,000 | 1,094,000 | 1,435,000 |
| Provision for loan losses | 9,000 | 18,000 | 47,000 | 151,000 |
| Pretax income | 36,000 | 149,000 | 276,000 | 356,000 |
| Income tax | -16,000 | -8,000 | 6,000 | 16,000 |
| Net income | 52,000 | 157,000 | 270,000 | 340,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,861,000 | 8,966,000 | 9,080,000 | 9,062,000 |
| Total capital | 9,244,000 | 9,351,000 | 9,452,000 | 9,438,000 |
| Risk-weighted assets | 30,454,000 | 30,599,000 | 29,608,000 | 29,950,000 |