Call reports 2004
MUSKEGON COMMERCE BANK — 2004
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 83,709,000 | 94,088,000 | 93,531,000 | 94,163,000 |
| Total loans | 77,855,000 | 85,301,000 | 87,015,000 | 88,692,000 |
| Allowance for loan losses | 1,034,000 | 1,004,000 | 1,017,000 | 904,000 |
| Securities available for sale | 82,000 | 81,000 | 81,000 | 81,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,191,000 | 65,566,000 | 63,690,000 | 67,242,000 |
| Interest-bearing deposits | 54,539,000 | 59,481,000 | 57,313,000 | 61,254,000 |
| Noninterest-bearing deposits | 5,652,000 | 6,085,000 | 6,377,000 | 5,988,000 |
| Equity capital | 9,058,000 | 9,180,000 | 9,437,000 | 9,671,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,295,000 | 2,579,000 | 4,136,000 | 5,643,000 |
| Interest expense | 362,000 | 722,000 | 1,107,000 | 1,524,000 |
| Net interest income | 933,000 | 1,857,000 | 3,029,000 | 4,119,000 |
| Noninterest income | 138,000 | 304,000 | 466,000 | 658,000 |
| Noninterest expense | 603,000 | 1,197,000 | 1,811,000 | 2,413,000 |
| Provision for loan losses | 3,000 | 5,000 | 26,000 | 52,000 |
| Pretax income | 465,000 | 959,000 | 1,658,000 | 2,312,000 |
| Income tax | 162,000 | 334,000 | 576,000 | 796,000 |
| Net income | 303,000 | 625,000 | 1,082,000 | 1,516,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,358,000 | 8,480,000 | 8,737,000 | 8,971,000 |
| Total capital | 9,300,000 | 9,484,000 | 9,754,000 | 9,875,000 |
| Risk-weighted assets | 75,279,000 | 81,388,000 | 83,076,000 | 82,659,000 |