Call reports 2008
M1 BANK — 2008
What M1 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 | 32,401,000 | 30,752,000 | 29,495,000 | 29,285,000 |
| Total loans | 23,011,000 | 22,645,000 | 22,232,000 | 20,627,000 |
| Allowance for loan losses | 823,000 | 661,000 | 610,000 | 768,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,575,000 | 2,879,000 | 2,366,000 | 2,356,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,631,000 | 28,066,000 | 26,931,000 | 26,870,000 |
| Interest-bearing deposits | 25,623,000 | 24,340,000 | 23,649,000 | 23,900,000 |
| Noninterest-bearing deposits | 4,008,000 | 3,726,000 | 3,282,000 | 2,970,000 |
| Equity capital | 2,604,000 | 2,552,000 | 2,466,000 | 2,308,000 |
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 | 494,000 | 1,004,000 | 1,482,000 | 1,916,000 |
| Interest expense | 273,000 | 503,000 | 705,000 | 884,000 |
| Net interest income | 221,000 | 501,000 | 777,000 | 1,032,000 |
| Noninterest income | 9,000 | 33,000 | 43,000 | -9,000 |
| Noninterest expense | 291,000 | 586,000 | 886,000 | 1,207,000 |
| Provision for loan losses | 400,000 | 461,000 | 516,000 | 1,231,000 |
| Pretax income | -461,000 | -513,000 | -582,000 | -1,415,000 |
| Income tax | -131,000 | -131,000 | -54,000 | -54,000 |
| Net income | -330,000 | -382,000 | -528,000 | -1,361,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,604,000 | 2,552,000 | 2,466,000 | 2,308,000 |
| Total capital | 2,889,000 | 2,825,000 | 2,735,000 | 2,569,000 |
| Risk-weighted assets | 22,251,000 | 21,450,000 | 21,193,000 | 20,382,000 |
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