Call reports 2002
BANK MICHIGAN — 2002
What BANK MICHIGAN 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 | 61,175,000 | 61,862,000 | 62,983,000 | 62,754,000 |
| Total loans | 41,999,000 | 43,460,000 | 43,115,000 | 42,406,000 |
| Allowance for loan losses | 466,000 | 465,000 | 474,000 | 532,000 |
| Securities available for sale | 8,535,000 | 9,371,000 | 8,464,000 | 8,390,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,065,000 | 55,487,000 | 56,301,000 | 56,115,000 |
| Interest-bearing deposits | 47,302,000 | 46,929,000 | 47,513,000 | 47,301,000 |
| Noninterest-bearing deposits | 7,763,000 | 8,558,000 | 8,788,000 | 8,814,000 |
| Equity capital | 5,886,000 | 6,071,000 | 6,345,000 | 6,200,000 |
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 | 995,000 | 2,013,000 | 3,008,000 | 3,983,000 |
| Interest expense | 335,000 | 618,000 | 887,000 | 1,164,000 |
| Net interest income | 660,000 | 1,395,000 | 2,121,000 | 2,819,000 |
| Noninterest income | 132,000 | 274,000 | 419,000 | 608,000 |
| Noninterest expense | 537,000 | 1,086,000 | 1,620,000 | 2,197,000 |
| Provision for loan losses | 20,000 | 48,000 | 83,000 | 194,000 |
| Pretax income | 235,000 | 535,000 | 837,000 | 1,036,000 |
| Income tax | 87,000 | 180,000 | 280,000 | 346,000 |
| Net income | 148,000 | 355,000 | 557,000 | 690,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,883,000 | 5,998,000 | 6,199,000 | 6,085,000 |
| Total capital | 6,349,000 | 6,463,000 | 6,673,000 | 6,601,000 |
| Risk-weighted assets | 39,894,000 | 40,779,000 | 40,849,000 | 41,288,000 |