Call reports 2002
MUSKEGON COMMERCE BANK — 2002
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 78,202,000 | 81,936,000 | 85,301,000 | 86,465,000 |
| Total loans | 69,499,000 | 74,669,000 | 78,152,000 | 77,247,000 |
| Allowance for loan losses | 855,000 | 934,000 | 977,000 | 966,000 |
| Securities available for sale | 507,000 | 503,000 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,178,000 | 58,077,000 | 62,515,000 | 53,090,000 |
| Interest-bearing deposits | 59,976,000 | 52,653,000 | 57,073,000 | 47,326,000 |
| Noninterest-bearing deposits | 5,202,000 | 5,424,000 | 5,442,000 | 5,764,000 |
| Equity capital | 7,592,000 | 7,739,000 | 7,994,000 | 8,278,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,398,000 | 2,802,000 | 4,288,000 | 5,741,000 |
| Interest expense | 536,000 | 1,042,000 | 1,550,000 | 2,022,000 |
| Net interest income | 862,000 | 1,760,000 | 2,738,000 | 3,719,000 |
| Noninterest income | 166,000 | 336,000 | 541,000 | 797,000 |
| Noninterest expense | 507,000 | 1,043,000 | 1,562,000 | 2,110,000 |
| Provision for loan losses | 19,000 | 94,000 | 139,000 | 173,000 |
| Pretax income | 502,000 | 959,000 | 1,578,000 | 2,233,000 |
| Income tax | 171,000 | 328,000 | 540,000 | 761,000 |
| Net income | 331,000 | 631,000 | 1,038,000 | 1,472,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,887,000 | 7,037,000 | 7,294,000 | 7,578,000 |
| Total capital | 7,729,000 | 7,901,000 | 8,204,000 | 8,511,000 |
| Risk-weighted assets | 67,343,000 | 69,004,000 | 72,715,000 | 74,577,000 |