Call reports 2014
PORTAGE BANK — 2014
What PORTAGE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 12,820,000 | 12,430,000 | 12,180,000 | 12,377,000 |
| Total loans | 5,425,000 | 5,116,000 | 5,316,000 | 4,253,000 |
| Allowance for loan losses | 193,000 | 193,000 | 233,000 | 229,000 |
| Securities available for sale | 1,784,000 | 1,737,000 | 1,423,000 | 1,898,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,548,000 | 11,130,000 | 10,901,000 | 11,080,000 |
| Interest-bearing deposits | 9,567,000 | 9,233,000 | 9,204,000 | 9,342,000 |
| Noninterest-bearing deposits | 1,981,000 | 1,897,000 | 1,697,000 | 1,739,000 |
| Equity capital | 1,242,000 | 1,260,000 | 1,247,000 | 1,267,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 98,000 | 196,000 | 289,000 | 388,000 |
| Interest expense | 8,000 | 18,000 | 26,000 | 35,000 |
| Net interest income | 90,000 | 178,000 | 263,000 | 353,000 |
| Noninterest income | 8,000 | 16,000 | 23,000 | 33,000 |
| Noninterest expense | 82,000 | 162,000 | 239,000 | 309,000 |
| Provision for loan losses | 106,000 | 106,000 | 136,000 | 166,000 |
| Pretax income | -90,000 | -74,000 | -71,000 | -58,000 |
| Income tax | -21,000 | -17,000 | -17,000 | -19,000 |
| Net income | -69,000 | -57,000 | -54,000 | -39,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,244,000 | 1,250,000 | 1,253,000 | 1,268,000 |
| Total capital | 1,319,000 | 1,320,000 | 1,325,000 | 1,322,000 |
| Risk-weighted assets | 5,851,000 | 5,481,000 | 5,570,000 | 5,287,000 |