Call reports 2006
MUSKEGON COMMERCE BANK — 2006
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 97,898,000 | 97,981,000 | 104,334,000 | 96,462,000 |
| Total loans | 88,885,000 | 87,862,000 | 86,070,000 | 81,358,000 |
| Allowance for loan losses | 1,032,000 | 1,085,000 | 1,235,000 | 1,240,000 |
| Securities available for sale | 76,000 | 75,000 | 77,000 | 76,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,905,000 | 72,415,000 | 84,239,000 | 75,804,000 |
| Interest-bearing deposits | 64,168,000 | 64,083,000 | 75,348,000 | 66,722,000 |
| Noninterest-bearing deposits | 5,737,000 | 8,332,000 | 8,891,000 | 9,082,000 |
| Equity capital | 8,581,000 | 8,372,000 | 8,004,000 | 9,588,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,655,000 | 3,400,000 | 5,223,000 | 6,928,000 |
| Interest expense | 829,000 | 1,703,000 | 2,689,000 | 3,639,000 |
| Net interest income | 826,000 | 1,697,000 | 2,534,000 | 3,289,000 |
| Noninterest income | 137,000 | 352,000 | 429,000 | 566,000 |
| Noninterest expense | 726,000 | 1,423,000 | 2,146,000 | 2,859,000 |
| Provision for loan losses | 0 | 245,000 | 534,000 | 1,198,000 |
| Pretax income | 237,000 | 381,000 | 283,000 | -202,000 |
| Income tax | 84,000 | 136,000 | 108,000 | -61,000 |
| Net income | 153,000 | 245,000 | 175,000 | -141,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,883,000 | 7,675,000 | 7,306,000 | 8,890,000 |
| Total capital | 8,915,000 | 8,699,000 | 8,325,000 | 9,865,000 |
| Risk-weighted assets | 86,606,000 | 81,875,000 | 81,332,000 | 77,730,000 |