Call reports 2010
FIRST STATE BANK OF MICHIGAN — 2010
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 54,808,000 | 58,151,000 | 57,938,000 | 57,909,000 |
| Total loans | 37,060,000 | 36,412,000 | 35,848,000 | 34,763,000 |
| Allowance for loan losses | 769,000 | 753,000 | 725,000 | 668,000 |
| Securities available for sale | 7,779,000 | 9,510,000 | 13,658,000 | 14,567,000 |
| Securities held to maturity | 1,023,000 | 1,023,000 | 1,023,000 | 1,022,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,647,000 | 47,990,000 | 47,537,000 | 47,611,000 |
| Interest-bearing deposits | 41,005,000 | 43,999,000 | 42,751,000 | 43,276,000 |
| Noninterest-bearing deposits | 3,642,000 | 3,991,000 | 4,786,000 | 4,335,000 |
| Equity capital | 9,592,000 | 9,697,000 | 9,946,000 | 9,709,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 681,000 | 1,343,000 | 2,001,000 | 2,653,000 |
| Interest expense | 181,000 | 345,000 | 498,000 | 645,000 |
| Net interest income | 500,000 | 998,000 | 1,503,000 | 2,008,000 |
| Noninterest income | 65,000 | 125,000 | 183,000 | 257,000 |
| Noninterest expense | 374,000 | 776,000 | 1,165,000 | 1,530,000 |
| Provision for loan losses | 23,000 | 45,000 | 83,000 | 120,000 |
| Pretax income | 168,000 | 302,000 | 438,000 | 615,000 |
| Income tax | 25,000 | 53,000 | 69,000 | 108,000 |
| Net income | 143,000 | 249,000 | 369,000 | 507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,441,000 | 9,547,000 | 9,668,000 | 9,683,000 |
| Total capital | 9,807,000 | 9,906,000 | 10,037,000 | 10,036,000 |
| Risk-weighted assets | 28,839,000 | 28,354,000 | 29,173,000 | 27,962,000 |