Call reports 2002
PORTAGE BANK — 2002
What PORTAGE BANK 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 | 10,066,000 | 9,783,000 | 9,672,000 | 10,433,000 |
| Total loans | 4,541,000 | 4,653,000 | 5,009,000 | 4,058,000 |
| Allowance for loan losses | 111,000 | 113,000 | 121,000 | 170,000 |
| Securities available for sale | 4,163,000 | 3,706,000 | 3,433,000 | 3,900,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 8,916,000 | 8,534,000 | 8,443,000 | 9,263,000 |
| Interest-bearing deposits | 7,828,000 | 7,662,000 | 7,578,000 | 8,159,000 |
| Noninterest-bearing deposits | 1,088,000 | 872,000 | 865,000 | 1,103,000 |
| Equity capital | 1,108,000 | 1,176,000 | 1,147,000 | 1,105,000 |
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 | 156,000 | 308,000 | 454,000 | 588,000 |
| Interest expense | 53,000 | 101,000 | 147,000 | 192,000 |
| Net interest income | 103,000 | 207,000 | 307,000 | 396,000 |
| Noninterest income | 12,000 | 18,000 | 24,000 | 29,000 |
| Noninterest expense | 86,000 | 171,000 | 245,000 | 360,000 |
| Provision for loan losses | 6,000 | 6,000 | 6,000 | 76,000 |
| Pretax income | 32,000 | 61,000 | 95,000 | 20,000 |
| Income tax | 7,000 | 14,000 | 27,000 | -8,000 |
| Net income | 25,000 | 47,000 | 68,000 | 28,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,115,000 | 1,137,000 | 1,099,000 | 1,058,000 |
| Total capital | 1,185,000 | 1,207,000 | 1,172,000 | 1,125,000 |
| Risk-weighted assets | 5,597,000 | 5,562,000 | 5,827,000 | 5,234,000 |