Call reports 2016
PORTAGE BANK — 2016
What PORTAGE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 12,876,000 | 13,269,000 | 12,952,000 | 12,298,000 |
| Total loans | 2,803,000 | 3,120,000 | 3,349,000 | 3,262,000 |
| Allowance for loan losses | 153,000 | 154,000 | 155,000 | 155,000 |
| Securities available for sale | 3,331,000 | 3,205,000 | 3,033,000 | 2,764,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,599,000 | 11,979,000 | 11,486,000 | 11,022,000 |
| Interest-bearing deposits | 8,790,000 | 9,241,000 | 9,050,000 | 8,575,000 |
| Noninterest-bearing deposits | 2,810,000 | 2,737,000 | 2,435,000 | 2,447,000 |
| Equity capital | 1,267,000 | 1,275,000 | 1,283,000 | 1,231,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 71,000 | 147,000 | 225,000 | 301,000 |
| Interest expense | 11,000 | 21,000 | 33,000 | 43,000 |
| Net interest income | 60,000 | 126,000 | 192,000 | 258,000 |
| Noninterest income | 7,000 | 13,000 | 19,000 | 25,000 |
| Noninterest expense | 68,000 | 151,000 | 220,000 | 292,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -1,000 | -12,000 | -9,000 | -9,000 |
| Income tax | 1,000 | -3,000 | -1,000 | -12,000 |
| Net income | -2,000 | -9,000 | -8,000 | 3,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,267,000 | 1,275,000 | 1,226,000 | 1,281,000 |
| Total capital | 1,317,000 | 1,332,000 | 1,283,000 | 1,340,000 |
| Risk-weighted assets | 3,926,000 | 4,479,000 | 4,498,000 | 4,633,000 |