Call reports 2019
PORTAGE BANK — 2019
What PORTAGE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 13,510,000 | 12,015,000 | 14,175,000 | 12,692,000 |
| Total loans | 3,016,000 | 3,850,000 | 5,353,000 | 8,173,000 |
| Allowance for loan losses | 117,000 | 118,000 | 106,000 | 108,000 |
| Securities available for sale | 2,408,000 | 2,293,000 | 2,156,000 | 1,559,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,742,000 | 10,147,000 | 12,155,000 | 10,670,000 |
| Interest-bearing deposits | 8,964,000 | 7,947,000 | 9,529,000 | 8,321,000 |
| Noninterest-bearing deposits | 2,779,000 | 2,200,000 | 2,626,000 | 2,349,000 |
| Equity capital | 1,645,000 | 1,734,000 | 1,842,000 | 1,877,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 90,000 | 197,000 | 392,000 | 658,000 |
| Interest expense | 15,000 | 27,000 | 46,000 | 64,000 |
| Net interest income | 75,000 | 170,000 | 346,000 | 594,000 |
| Noninterest income | 5,000 | 15,000 | 23,000 | 43,000 |
| Noninterest expense | 106,000 | 324,000 | 501,000 | 723,000 |
| Provision for loan losses | 0 | 0 | -5,000 | -5,000 |
| Pretax income | -26,000 | -139,000 | -127,000 | -81,000 |
| Income tax | -7,000 | -40,000 | -36,000 | -23,000 |
| Net income | -19,000 | -99,000 | -91,000 | -58,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,669,000 | 1,732,000 | 1,842,000 | 1,872,000 |
| Total capital | 1,724,000 | 1,792,000 | 1,920,000 | 1,980,000 |
| Risk-weighted assets | 4,380,000 | 4,772,000 | 6,245,000 | 10,641,000 |