Call reports 2005
MUSKEGON COMMERCE BANK — 2005
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 93,896,000 | 95,368,000 | 98,001,000 | 96,649,000 |
| Total loans | 88,317,000 | 89,460,000 | 90,469,000 | 88,007,000 |
| Allowance for loan losses | 885,000 | 912,000 | 905,000 | 1,021,000 |
| Securities available for sale | 79,000 | 80,000 | 78,000 | 78,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,297,000 | 62,751,000 | 66,391,000 | 72,150,000 |
| Interest-bearing deposits | 56,197,000 | 56,978,000 | 60,356,000 | 65,833,000 |
| Noninterest-bearing deposits | 6,100,000 | 5,773,000 | 6,035,000 | 6,317,000 |
| Equity capital | 9,741,000 | 9,986,000 | 8,761,000 | 8,729,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,405,000 | 3,140,000 | 4,765,000 | 6,444,000 |
| Interest expense | 463,000 | 1,000,000 | 1,652,000 | 2,405,000 |
| Net interest income | 942,000 | 2,140,000 | 3,113,000 | 4,039,000 |
| Noninterest income | 239,000 | 418,000 | 597,000 | 793,000 |
| Noninterest expense | 657,000 | 1,314,000 | 2,045,000 | 2,671,000 |
| Provision for loan losses | 72,000 | 74,000 | 146,000 | 358,000 |
| Pretax income | 452,000 | 1,170,000 | 1,519,000 | 1,803,000 |
| Income tax | 157,000 | 405,000 | 528,000 | 619,000 |
| Net income | 295,000 | 765,000 | 991,000 | 1,184,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,042,000 | 9,286,000 | 8,062,000 | 8,030,000 |
| Total capital | 9,927,000 | 10,198,000 | 8,967,000 | 9,051,000 |
| Risk-weighted assets | 83,727,000 | 84,563,000 | 86,118,000 | 85,008,000 |