Call reports 2001
MUSKEGON COMMERCE BANK — 2001
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 67,498,000 | 68,680,000 | 73,589,000 | 74,279,000 |
| Total loans | 59,830,000 | 61,674,000 | 68,052,000 | 70,151,000 |
| Allowance for loan losses | 677,000 | 716,000 | 810,000 | 842,000 |
| Securities available for sale | 1,004,000 | 1,006,000 | 1,020,000 | 1,015,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,854,000 | 61,824,000 | 55,616,000 | 58,542,000 |
| Interest-bearing deposits | 54,961,000 | 57,023,000 | 50,990,000 | 53,308,000 |
| Noninterest-bearing deposits | 3,893,000 | 4,800,000 | 4,627,000 | 5,234,000 |
| Equity capital | 5,903,000 | 6,074,000 | 7,220,000 | 7,415,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,407,000 | 2,854,000 | 4,291,000 | 5,713,000 |
| Interest expense | 803,000 | 1,542,000 | 2,239,000 | 2,859,000 |
| Net interest income | 604,000 | 1,312,000 | 2,052,000 | 2,854,000 |
| Noninterest income | 113,000 | 277,000 | 425,000 | 592,000 |
| Noninterest expense | 432,000 | 922,000 | 1,399,000 | 1,889,000 |
| Provision for loan losses | 70,000 | 111,000 | 237,000 | 296,000 |
| Pretax income | 215,000 | 556,000 | 841,000 | 1,261,000 |
| Income tax | 77,000 | 196,000 | 296,000 | 445,000 |
| Net income | 138,000 | 360,000 | 545,000 | 816,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,162,000 | 5,348,000 | 6,495,000 | 6,706,000 |
| Total capital | 5,839,000 | 6,064,000 | 7,304,000 | 7,544,000 |
| Risk-weighted assets | 58,219,000 | 58,863,000 | 64,710,000 | 67,036,000 |