Call reports 2003
MUSKEGON COMMERCE BANK — 2003
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 86,239,000 | 84,843,000 | 86,227,000 | 85,908,000 |
| Total loans | 79,544,000 | 78,323,000 | 80,046,000 | 79,223,000 |
| Allowance for loan losses | 1,012,000 | 1,018,000 | 1,042,000 | 1,026,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,354,000 | 58,780,000 | 60,157,000 | 60,927,000 |
| Interest-bearing deposits | 55,346,000 | 52,914,000 | 54,473,000 | 52,924,000 |
| Noninterest-bearing deposits | 5,008,000 | 5,866,000 | 5,684,000 | 8,003,000 |
| Equity capital | 8,456,000 | 8,672,000 | 8,807,000 | 8,955,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,388,000 | 2,745,000 | 4,114,000 | 5,460,000 |
| Interest expense | 459,000 | 919,000 | 1,332,000 | 1,685,000 |
| Net interest income | 929,000 | 1,826,000 | 2,782,000 | 3,775,000 |
| Noninterest income | 227,000 | 475,000 | 683,000 | 795,000 |
| Noninterest expense | 543,000 | 1,062,000 | 1,663,000 | 2,183,000 |
| Provision for loan losses | 53,000 | 64,000 | 130,000 | 212,000 |
| Pretax income | 560,000 | 1,175,000 | 1,672,000 | 2,175,000 |
| Income tax | 194,000 | 406,000 | 581,000 | 748,000 |
| Net income | 366,000 | 769,000 | 1,091,000 | 1,427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,756,000 | 7,972,000 | 8,107,000 | 8,255,000 |
| Total capital | 8,715,000 | 8,909,000 | 9,077,000 | 9,222,000 |
| Risk-weighted assets | 76,706,000 | 74,890,000 | 77,539,000 | 77,310,000 |