Call reports 2017
M1 BANK — 2017
What M1 BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 23,214,000 | 22,852,000 | 28,640,000 | 30,615,000 |
| Total loans | 14,791,000 | 14,928,000 | 13,398,000 | 17,095,000 |
| Allowance for loan losses | 53,000 | 59,000 | 6,000 | 160,000 |
| Securities available for sale | 2,199,000 | 1,948,000 | 949,000 | 751,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,841,000 | 20,397,000 | 25,695,000 | 26,902,000 |
| Interest-bearing deposits | 16,211,000 | 15,770,000 | 21,442,000 | 21,039,000 |
| Noninterest-bearing deposits | 4,630,000 | 4,627,000 | 4,253,000 | 5,863,000 |
| Equity capital | 2,332,000 | 2,405,000 | 2,871,000 | 3,599,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 219,000 | 448,000 | 288,000 | 580,000 |
| Interest expense | 16,000 | 33,000 | 24,000 | 56,000 |
| Net interest income | 203,000 | 415,000 | 264,000 | 524,000 |
| Noninterest income | 25,000 | 65,000 | 21,000 | 33,000 |
| Noninterest expense | 159,000 | 331,000 | 187,000 | 347,000 |
| Provision for loan losses | 6,000 | 12,000 | 6,000 | 160,000 |
| Pretax income | 63,000 | 137,000 | 91,000 | 48,000 |
| Income tax | 14,000 | 14,000 | 31,000 | 36,000 |
| Net income | 49,000 | 123,000 | 60,000 | 12,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,255,000 | 2,331,000 | 2,494,000 | 2,940,000 |
| Total capital | 2,308,000 | 2,390,000 | 2,500,000 | 3,100,000 |
| Risk-weighted assets | 14,234,000 | 14,091,000 | 11,851,000 | 15,317,000 |