Call reports 2011
PORTAGE BANK — 2011
What PORTAGE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 10,856,000 | 11,396,000 | 11,593,000 | 11,062,000 |
| Total loans | 6,198,000 | 6,100,000 | 6,043,000 | 4,974,000 |
| Allowance for loan losses | 85,000 | 85,000 | 85,000 | 85,000 |
| Securities available for sale | 2,128,000 | 2,025,000 | 2,512,000 | 2,244,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,614,000 | 10,079,000 | 10,223,000 | 9,698,000 |
| Interest-bearing deposits | 8,169,000 | 8,549,000 | 8,487,000 | 8,207,000 |
| Noninterest-bearing deposits | 1,445,000 | 1,530,000 | 1,736,000 | 1,491,000 |
| Equity capital | 1,193,000 | 1,228,000 | 1,268,000 | 1,265,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 112,000 | 237,000 | 355,000 | 457,000 |
| Interest expense | 17,000 | 32,000 | 46,000 | 62,000 |
| Net interest income | 95,000 | 205,000 | 309,000 | 395,000 |
| Noninterest income | 7,000 | 16,000 | 26,000 | 37,000 |
| Noninterest expense | 102,000 | 199,000 | 284,000 | 369,000 |
| Provision for loan losses | 15,000 | 15,000 | 15,000 | 15,000 |
| Pretax income | -15,000 | 7,000 | 36,000 | 48,000 |
| Income tax | 0 | 3,000 | 6,000 | 12,000 |
| Net income | -15,000 | 4,000 | 30,000 | 36,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,175,000 | 1,193,000 | 1,219,000 | 1,226,000 |
| Total capital | 1,254,000 | 1,271,000 | 1,297,000 | 1,295,000 |
| Risk-weighted assets | 6,298,000 | 6,243,000 | 6,207,000 | 5,487,000 |