Call reports 2003
STURGIS BANK & TRUST COMPANY — 2003
What STURGIS BANK & TRUST COMPANY 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 | 294,129,000 | 294,148,000 | 288,164,000 | 286,564,000 |
| Total loans | 216,465,000 | 215,676,000 | 217,286,000 | 219,143,000 |
| Allowance for loan losses | 2,032,000 | 2,681,000 | 2,713,000 | 2,294,000 |
| Securities available for sale | 9,237,000 | 9,218,000 | 9,155,000 | 4,028,000 |
| Securities held to maturity | 12,382,000 | 11,610,000 | 11,332,000 | 10,939,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 211,477,000 | 206,550,000 | 199,442,000 | 200,115,000 |
| Interest-bearing deposits | 196,652,000 | 187,836,000 | 184,682,000 | 187,637,000 |
| Noninterest-bearing deposits | 14,825,000 | 18,714,000 | 14,760,000 | 12,478,000 |
| Equity capital | 26,742,000 | 27,330,000 | 28,060,000 | 28,653,000 |
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 | 4,133,000 | 8,095,000 | 11,779,000 | 15,325,000 |
| Interest expense | 1,905,000 | 3,699,000 | 5,387,000 | 7,017,000 |
| Net interest income | 2,228,000 | 4,396,000 | 6,392,000 | 8,308,000 |
| Noninterest income | 1,478,000 | 3,322,000 | 4,737,000 | 5,541,000 |
| Noninterest expense | 2,220,000 | 4,699,000 | 7,030,000 | 9,235,000 |
| Provision for loan losses | 319,000 | 1,030,000 | 1,083,000 | 820,000 |
| Pretax income | 1,167,000 | 1,989,000 | 3,016,000 | 3,757,000 |
| Income tax | 356,000 | 590,000 | 887,000 | 1,037,000 |
| Net income | 811,000 | 1,399,000 | 2,129,000 | 2,720,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,373,000 | 21,940,000 | 22,666,000 | 23,228,000 |
| Total capital | 23,405,000 | 24,474,000 | 25,224,000 | 25,522,000 |
| Risk-weighted assets | 199,362,000 | 202,576,000 | 204,451,000 | 208,037,000 |