Call reports 2016
M1 BANK — 2016
What M1 BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 22,636,000 | 22,022,000 | 23,635,000 | 23,402,000 |
| Total loans | 13,157,000 | 13,945,000 | 14,260,000 | 14,702,000 |
| Allowance for loan losses | 48,000 | 54,000 | 60,000 | 46,000 |
| Securities available for sale | 2,008,000 | 2,009,000 | 2,006,000 | 1,750,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,265,000 | 19,627,000 | 21,194,000 | 20,977,000 |
| Interest-bearing deposits | 16,562,000 | 15,754,000 | 15,969,000 | 16,436,000 |
| Noninterest-bearing deposits | 3,703,000 | 3,873,000 | 5,225,000 | 4,541,000 |
| Equity capital | 2,275,000 | 2,302,000 | 2,406,000 | 2,395,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 192,000 | 409,000 | 639,000 | 863,000 |
| Interest expense | 18,000 | 35,000 | 50,000 | 68,000 |
| Net interest income | 174,000 | 374,000 | 589,000 | 795,000 |
| Noninterest income | 26,000 | 47,000 | 69,000 | 98,000 |
| Noninterest expense | 155,000 | 346,000 | 524,000 | 709,000 |
| Provision for loan losses | 38,000 | 44,000 | 50,000 | 58,000 |
| Pretax income | 7,000 | 31,000 | 84,000 | 126,000 |
| Income tax | 0 | 0 | -64,000 | -64,000 |
| Net income | 7,000 | 31,000 | 148,000 | 190,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,275,000 | 2,297,000 | 2,341,000 | 2,336,000 |
| Total capital | 2,323,000 | 2,351,000 | 2,401,000 | 2,382,000 |
| Risk-weighted assets | 11,644,000 | 12,797,000 | 13,216,000 | 14,275,000 |