Call reports 2003
PORTAGE BANK — 2003
What PORTAGE BANK 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 | 10,358,000 | 10,330,000 | 10,528,000 | 10,568,000 |
| Total loans | 3,882,000 | 4,597,000 | 4,783,000 | 4,116,000 |
| Allowance for loan losses | 173,000 | 176,000 | 178,000 | 167,000 |
| Securities available for sale | 4,327,000 | 4,227,000 | 3,880,000 | 5,081,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,209,000 | 9,178,000 | 9,378,000 | 9,407,000 |
| Interest-bearing deposits | 8,243,000 | 8,311,000 | 8,273,000 | 8,171,000 |
| Noninterest-bearing deposits | 966,000 | 867,000 | 1,105,000 | 1,236,000 |
| Equity capital | 1,100,000 | 1,104,000 | 1,102,000 | 1,112,000 |
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 | 119,000 | 236,000 | 346,000 | 468,000 |
| Interest expense | 38,000 | 73,000 | 102,000 | 128,000 |
| Net interest income | 81,000 | 163,000 | 244,000 | 340,000 |
| Noninterest income | 8,000 | 15,000 | 21,000 | 28,000 |
| Noninterest expense | 87,000 | 165,000 | 241,000 | 333,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 12,000 | 35,000 | 46,000 | 59,000 |
| Income tax | 3,000 | 8,000 | 11,000 | 15,000 |
| Net income | 9,000 | 27,000 | 35,000 | 44,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,068,000 | 1,085,000 | 1,093,000 | 1,103,000 |
| Total capital | 1,132,000 | 1,155,000 | 1,166,000 | 1,169,000 |
| Risk-weighted assets | 5,005,000 | 5,538,000 | 5,750,000 | 5,204,000 |