Call reports 2002
UNITED BANK & TRUST - WASHTENAW — 2002
What UNITED BANK & TRUST - WASHTENAW reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 43,398,000 | 52,708,000 | 49,859,000 | 60,332,000 |
| Total loans | 31,502,000 | 38,559,000 | 43,115,000 | 54,646,000 |
| Allowance for loan losses | 315,000 | 412,000 | 496,000 | 548,000 |
| Securities available for sale | 1,317,000 | 5,275,000 | 4,644,000 | 3,649,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,232,000 | 45,561,000 | 35,076,000 | 37,592,000 |
| Interest-bearing deposits | 32,267,000 | 39,904,000 | 30,640,000 | 31,908,000 |
| Noninterest-bearing deposits | 3,965,000 | 5,657,000 | 4,436,000 | 5,684,000 |
| Equity capital | 6,979,000 | 6,851,000 | 6,756,000 | 6,820,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 513,000 | 1,204,000 | 1,981,000 | 2,857,000 |
| Interest expense | 165,000 | 417,000 | 679,000 | 965,000 |
| Net interest income | 348,000 | 787,000 | 1,302,000 | 1,892,000 |
| Noninterest income | 88,000 | 165,000 | 291,000 | 553,000 |
| Noninterest expense | 586,000 | 1,216,000 | 1,906,000 | 2,601,000 |
| Provision for loan losses | 72,000 | 169,000 | 253,000 | 305,000 |
| Pretax income | -222,000 | -433,000 | -566,000 | -461,000 |
| Income tax | -74,000 | -145,000 | -188,000 | -151,000 |
| Net income | -148,000 | -288,000 | -378,000 | -310,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,975,000 | 6,835,000 | 6,745,000 | 6,813,000 |
| Total capital | 7,290,000 | 7,247,000 | 7,241,000 | 7,361,000 |
| Risk-weighted assets | 32,483,000 | 41,328,000 | 43,138,000 | 55,039,000 |