Call reports 2003
BANK MICHIGAN — 2003
What BANK MICHIGAN 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 | 62,079,000 | 63,303,000 | 64,080,000 | 63,273,000 |
| Total loans | 42,881,000 | 44,887,000 | 46,610,000 | 47,112,000 |
| Allowance for loan losses | 461,000 | 478,000 | 487,000 | 540,000 |
| Securities available for sale | 7,367,000 | 5,885,000 | 6,950,000 | 7,467,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,422,000 | 56,453,000 | 57,002,000 | 56,280,000 |
| Interest-bearing deposits | 47,723,000 | 47,539,000 | 47,559,000 | 47,289,000 |
| Noninterest-bearing deposits | 7,699,000 | 8,914,000 | 9,443,000 | 8,991,000 |
| Equity capital | 6,402,000 | 6,613,000 | 6,804,000 | 6,713,000 |
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 | 942,000 | 1,873,000 | 2,832,000 | 3,755,000 |
| Interest expense | 240,000 | 462,000 | 670,000 | 876,000 |
| Net interest income | 702,000 | 1,411,000 | 2,162,000 | 2,879,000 |
| Noninterest income | 149,000 | 312,000 | 476,000 | 617,000 |
| Noninterest expense | 557,000 | 1,106,000 | 1,663,000 | 2,265,000 |
| Provision for loan losses | 27,000 | 54,000 | 87,000 | 165,000 |
| Pretax income | 267,000 | 563,000 | 888,000 | 1,066,000 |
| Income tax | 90,000 | 189,000 | 298,000 | 356,000 |
| Net income | 177,000 | 374,000 | 590,000 | 710,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,293,000 | 6,483,000 | 6,697,000 | 6,621,000 |
| Total capital | 6,754,000 | 6,961,000 | 7,184,000 | 7,161,000 |
| Risk-weighted assets | 41,443,000 | 43,305,000 | 44,726,000 | 45,345,000 |