Call reports 2003
FIRSTBANK FINANCIAL SERVICES — 2003
What FIRSTBANK FINANCIAL SERVICES reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 47,754,000 | 60,984,000 | 72,306,000 | 87,482,000 |
| Total loans | 35,998,000 | 47,290,000 | 52,962,000 | 64,539,000 |
| Allowance for loan losses | 421,000 | 511,000 | 624,000 | 712,000 |
| Securities available for sale | 6,735,000 | 5,780,000 | 9,043,000 | 8,712,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,365,000 | 54,407,000 | 62,317,000 | 75,305,000 |
| Interest-bearing deposits | 35,411,000 | 48,204,000 | 54,261,000 | 69,490,000 |
| Noninterest-bearing deposits | 4,954,000 | 6,203,000 | 8,056,000 | 5,815,000 |
| Equity capital | 6,063,000 | 6,222,000 | 6,625,000 | 8,761,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 588,000 | 1,394,000 | 2,361,000 | 3,459,000 |
| Interest expense | 221,000 | 498,000 | 810,000 | 1,158,000 |
| Net interest income | 367,000 | 896,000 | 1,551,000 | 2,301,000 |
| Noninterest income | 27,000 | 56,000 | 77,000 | 120,000 |
| Noninterest expense | 390,000 | 782,000 | 1,198,000 | 1,647,000 |
| Provision for loan losses | 92,000 | 206,000 | 319,000 | 425,000 |
| Pretax income | -70,000 | -24,000 | 113,000 | 347,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -70,000 | -24,000 | 113,000 | 347,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,029,000 | 6,175,000 | 6,619,000 | 8,750,000 |
| Total capital | 6,450,000 | 6,686,000 | 7,243,000 | 9,462,000 |
| Risk-weighted assets | 41,023,000 | 52,519,000 | 60,070,000 | 71,852,000 |