Call reports 2008
EASTERN MICHIGAN BANK — 2008
What EASTERN MICHIGAN BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 228,772,000 | 230,416,000 | 219,850,000 | 226,950,000 |
| Total loans | 166,682,000 | 169,529,000 | 172,775,000 | 174,926,000 |
| Allowance for loan losses | 2,035,000 | 2,065,000 | 2,283,000 | 2,233,000 |
| Securities available for sale | 25,334,000 | 26,691,000 | 26,087,000 | 22,308,000 |
| Securities held to maturity | 1,129,000 | 1,129,000 | 994,000 | 585,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 201,515,000 | 204,481,000 | 193,801,000 | 201,494,000 |
| Interest-bearing deposits | 174,332,000 | 177,018,000 | 170,071,000 | 172,088,000 |
| Noninterest-bearing deposits | 27,183,000 | 27,463,000 | 23,730,000 | 29,406,000 |
| Equity capital | 23,327,000 | 22,363,000 | 22,568,000 | 21,796,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,323,000 | 6,517,000 | 9,618,000 | 12,643,000 |
| Interest expense | 1,090,000 | 2,124,000 | 3,097,000 | 3,973,000 |
| Net interest income | 2,233,000 | 4,393,000 | 6,521,000 | 8,670,000 |
| Noninterest income | 477,000 | 305,000 | 518,000 | 844,000 |
| Noninterest expense | 1,791,000 | 3,509,000 | 5,209,000 | 6,983,000 |
| Provision for loan losses | 131,000 | 400,000 | 643,000 | 991,000 |
| Pretax income | 788,000 | 789,000 | 1,187,000 | 932,000 |
| Income tax | 230,000 | 232,000 | 319,000 | 131,000 |
| Net income | 558,000 | 557,000 | 868,000 | 801,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,134,000 | 22,407,000 | 22,474,000 | 22,036,000 |
| Total capital | 25,096,000 | 24,417,000 | 24,451,000 | 24,127,000 |
| Risk-weighted assets | 156,924,000 | 160,714,000 | 157,898,000 | 167,122,000 |