Call reports 2002
FIRSTBANK FINANCIAL SERVICES — 2002
What FIRSTBANK FINANCIAL SERVICES reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 14,446,000 | 21,426,000 | 32,862,000 | 37,685,000 |
| Total loans | 5,447,000 | 11,446,000 | 22,495,000 | 26,809,000 |
| Allowance for loan losses | 55,000 | 115,000 | 226,000 | 337,000 |
| Securities available for sale | 1,570,000 | 1,563,000 | 2,354,000 | 5,752,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,709,000 | 14,906,000 | 26,493,000 | 31,355,000 |
| Interest-bearing deposits | 6,073,000 | 12,537,000 | 23,106,000 | 28,254,000 |
| Noninterest-bearing deposits | 1,636,000 | 2,369,000 | 3,387,000 | 3,101,000 |
| Equity capital | 6,726,000 | 6,483,000 | 6,279,000 | 6,131,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 144,000 | 322,000 | 679,000 | 1,187,000 |
| Interest expense | 149,000 | 207,000 | 347,000 | 545,000 |
| Net interest income | -5,000 | 115,000 | 332,000 | 642,000 |
| Noninterest income | 3,000 | 16,000 | 37,000 | 62,000 |
| Noninterest expense | 711,000 | 1,032,000 | 1,362,000 | 1,762,000 |
| Provision for loan losses | 55,000 | 115,000 | 226,000 | 337,000 |
| Pretax income | -768,000 | -1,016,000 | -1,219,000 | -1,396,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -768,000 | -1,016,000 | -1,219,000 | -1,396,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,727,000 | 6,479,000 | 6,276,000 | 6,099,000 |
| Total capital | 6,782,000 | 6,594,000 | 6,502,000 | 6,436,000 |
| Risk-weighted assets | 9,366,000 | 15,674,000 | 27,868,000 | 33,305,000 |