Call reports 2007
MUSKEGON COMMERCE BANK — 2007
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 92,662,000 | 92,129,000 | 92,883,000 | 98,996,000 |
| Total loans | 83,305,000 | 83,111,000 | 82,782,000 | 90,031,000 |
| Allowance for loan losses | 1,143,000 | 1,280,000 | 1,355,000 | 1,762,000 |
| Securities available for sale | 76,000 | 74,000 | 75,000 | 76,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,811,000 | 72,256,000 | 76,732,000 | 79,230,000 |
| Interest-bearing deposits | 70,238,000 | 68,015,000 | 71,998,000 | 74,726,000 |
| Noninterest-bearing deposits | 4,573,000 | 4,241,000 | 4,734,000 | 4,504,000 |
| Equity capital | 9,316,000 | 9,320,000 | 9,140,000 | 8,742,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,728,000 | 3,365,000 | 5,069,000 | 6,660,000 |
| Interest expense | 904,000 | 1,774,000 | 2,697,000 | 3,537,000 |
| Net interest income | 824,000 | 1,591,000 | 2,372,000 | 3,123,000 |
| Noninterest income | 95,000 | 243,000 | 357,000 | 457,000 |
| Noninterest expense | 1,068,000 | 1,890,000 | 2,657,000 | 3,509,000 |
| Provision for loan losses | 257,000 | 337,000 | 744,000 | 1,341,000 |
| Pretax income | -406,000 | -393,000 | -672,000 | -1,270,000 |
| Income tax | -134,000 | -126,000 | -224,000 | -424,000 |
| Net income | -272,000 | -267,000 | -448,000 | -846,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,617,000 | 8,622,000 | 8,442,000 | 8,043,000 |
| Total capital | 9,580,000 | 9,590,000 | 9,409,000 | 9,120,000 |
| Risk-weighted assets | 76,852,000 | 77,123,000 | 76,935,000 | 85,442,000 |