Call reports 2004
FIRSTBANK FINANCIAL SERVICES — 2004
What FIRSTBANK FINANCIAL SERVICES reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 136,519,000 | 148,267,000 | 158,295,000 | 176,823,000 |
| Total loans | 84,470,000 | 105,143,000 | 117,981,000 | 133,781,000 |
| Allowance for loan losses | 952,000 | 1,169,000 | 1,314,000 | 1,471,000 |
| Securities available for sale | 23,078,000 | 23,013,000 | 25,430,000 | 26,086,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,582,000 | 105,475,000 | 114,360,000 | 131,363,000 |
| Interest-bearing deposits | 85,836,000 | 96,786,000 | 106,419,000 | 122,796,000 |
| Noninterest-bearing deposits | 12,746,000 | 8,689,000 | 7,941,000 | 8,567,000 |
| Equity capital | 21,397,000 | 21,232,000 | 22,226,000 | 22,709,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,453,000 | 3,254,000 | 5,416,000 | 7,784,000 |
| Interest expense | 470,000 | 1,067,000 | 1,818,000 | 2,649,000 |
| Net interest income | 983,000 | 2,187,000 | 3,598,000 | 5,135,000 |
| Noninterest income | 46,000 | 136,000 | 189,000 | 236,000 |
| Noninterest expense | 466,000 | 1,080,000 | 1,737,000 | 2,415,000 |
| Provision for loan losses | 240,000 | 450,000 | 605,000 | 763,000 |
| Pretax income | 336,000 | 806,000 | 1,458,000 | 2,206,000 |
| Income tax | 0 | -100,000 | 128,000 | 402,000 |
| Net income | 336,000 | 906,000 | 1,330,000 | 1,804,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,248,000 | 21,818,000 | 22,242,000 | 22,716,000 |
| Total capital | 22,200,000 | 22,987,000 | 23,556,000 | 24,187,000 |
| Risk-weighted assets | 97,418,000 | 118,717,000 | 131,307,000 | 146,374,000 |