Call reports 2008
MUSKEGON COMMERCE BANK — 2008
What MUSKEGON COMMERCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 95,678,000 | 93,909,000 | 86,721,000 | 90,455,000 |
| Total loans | 84,340,000 | 79,041,000 | 77,168,000 | 77,320,000 |
| Allowance for loan losses | 2,108,000 | 3,319,000 | 3,365,000 | 5,397,000 |
| Securities available for sale | 77,000 | 75,000 | 75,000 | 77,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,401,000 | 74,231,000 | 67,114,000 | 73,795,000 |
| Interest-bearing deposits | 72,415,000 | 69,289,000 | 62,865,000 | 67,634,000 |
| Noninterest-bearing deposits | 3,986,000 | 4,942,000 | 4,249,000 | 6,161,000 |
| Equity capital | 8,297,000 | 6,615,000 | 6,623,000 | 7,223,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,526,000 | 2,826,000 | 4,066,000 | 5,146,000 |
| Interest expense | 801,000 | 1,438,000 | 2,080,000 | 2,772,000 |
| Net interest income | 725,000 | 1,388,000 | 1,986,000 | 2,374,000 |
| Noninterest income | 110,000 | 20,000 | 70,000 | 367,000 |
| Noninterest expense | 837,000 | 1,716,000 | 2,359,000 | 3,012,000 |
| Provision for loan losses | 668,000 | 3,318,000 | 3,318,000 | 5,639,000 |
| Pretax income | -670,000 | -3,626,000 | -3,621,000 | -5,910,000 |
| Income tax | -224,000 | -1,225,000 | -1,227,000 | -2,005,000 |
| Net income | -446,000 | -2,401,000 | -2,394,000 | -3,905,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,040,000 | 5,384,000 | 5,320,000 | 5,333,000 |
| Total capital | 8,094,000 | 8,354,000 | 8,260,000 | 6,316,000 |
| Risk-weighted assets | 83,277,000 | 75,242,000 | 72,807,000 | 74,226,000 |