Call reports 2002
STURGIS BANK & TRUST COMPANY — 2002
What STURGIS BANK & TRUST COMPANY 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 | 282,592,000 | 300,961,000 | 304,269,000 | 297,356,000 |
| Total loans | 212,733,000 | 214,306,000 | 226,790,000 | 221,401,000 |
| Allowance for loan losses | 1,508,000 | 1,715,000 | 1,803,000 | 1,920,000 |
| Securities available for sale | 1,537,000 | 1,605,000 | 1,313,000 | 7,000 |
| Securities held to maturity | 5,139,000 | 12,862,000 | 12,699,000 | 12,591,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 194,167,000 | 206,694,000 | 207,756,000 | 202,564,000 |
| Interest-bearing deposits | 178,993,000 | 190,428,000 | 192,465,000 | 189,817,000 |
| Noninterest-bearing deposits | 15,174,000 | 16,266,000 | 15,291,000 | 12,747,000 |
| Equity capital | 26,214,000 | 26,877,000 | 27,612,000 | 28,431,000 |
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 | 4,448,000 | 8,778,000 | 13,232,000 | 17,567,000 |
| Interest expense | 2,135,000 | 4,173,000 | 6,328,000 | 8,414,000 |
| Net interest income | 2,313,000 | 4,605,000 | 6,904,000 | 9,153,000 |
| Noninterest income | 1,371,000 | 2,449,000 | 3,755,000 | 5,230,000 |
| Noninterest expense | 2,082,000 | 4,289,000 | 6,564,000 | 8,763,000 |
| Provision for loan losses | 580,000 | 815,000 | 1,064,000 | 1,495,000 |
| Pretax income | 1,022,000 | 1,950,000 | 3,031,000 | 4,125,000 |
| Income tax | 303,000 | 570,000 | 916,000 | 1,191,000 |
| Net income | 719,000 | 1,380,000 | 2,115,000 | 2,934,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,844,000 | 21,507,000 | 22,240,000 | 23,066,000 |
| Total capital | 22,352,000 | 23,222,000 | 24,043,000 | 24,986,000 |
| Risk-weighted assets | 184,031,000 | 189,788,000 | 200,550,000 | 200,073,000 |