Call reports 2009
FIRST STATE BANK OF MICHIGAN — 2009
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 53,124,000 | 52,974,000 | 53,416,000 | 54,484,000 |
| Total loans | 37,434,000 | 37,772,000 | 37,087,000 | 37,605,000 |
| Allowance for loan losses | 564,000 | 625,000 | 737,000 | 747,000 |
| Securities available for sale | 8,716,000 | 8,352,000 | 8,235,000 | 7,812,000 |
| Securities held to maturity | 1,023,000 | 1,023,000 | 1,023,000 | 1,023,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,030,000 | 42,989,000 | 43,223,000 | 43,835,000 |
| Interest-bearing deposits | 40,028,000 | 39,778,000 | 39,296,000 | 39,935,000 |
| Noninterest-bearing deposits | 3,002,000 | 3,211,000 | 3,927,000 | 3,900,000 |
| Equity capital | 9,211,000 | 9,224,000 | 9,411,000 | 9,429,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 710,000 | 1,411,000 | 2,110,000 | 2,818,000 |
| Interest expense | 256,000 | 492,000 | 714,000 | 919,000 |
| Net interest income | 454,000 | 919,000 | 1,396,000 | 1,899,000 |
| Noninterest income | 49,000 | 127,000 | 223,000 | 300,000 |
| Noninterest expense | 353,000 | 756,000 | 1,147,000 | 1,534,000 |
| Provision for loan losses | 81,000 | 186,000 | 296,000 | 306,000 |
| Pretax income | 69,000 | 104,000 | 176,000 | 359,000 |
| Income tax | 9,000 | -5,000 | 5,000 | 45,000 |
| Net income | 60,000 | 109,000 | 171,000 | 314,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,122,000 | 9,172,000 | 9,234,000 | 9,299,000 |
| Total capital | 9,492,000 | 9,545,000 | 9,603,000 | 9,676,000 |
| Risk-weighted assets | 29,377,000 | 29,608,000 | 29,169,000 | 29,811,000 |