Call reports 2018
M1 BANK — 2018
What M1 BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 42,018,000 | 70,439,000 | 98,168,000 | 188,542,000 |
| Total loans | 22,781,000 | 38,581,000 | 70,301,000 | 101,215,000 |
| Allowance for loan losses | 160,000 | 246,000 | 493,000 | 720,000 |
| Securities available for sale | 0 | 992,000 | 996,000 | 990,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,804,000 | 56,746,000 | 82,178,000 | 167,566,000 |
| Interest-bearing deposits | 23,876,000 | 45,661,000 | 76,968,000 | 155,770,000 |
| Noninterest-bearing deposits | 9,928,000 | 11,085,000 | 5,210,000 | 11,796,000 |
| Equity capital | 8,115,000 | 12,384,000 | 15,760,000 | 20,191,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 367,000 | 1,134,000 | 2,451,000 | 4,490,000 |
| Interest expense | 31,000 | 108,000 | 339,000 | 1,041,000 |
| Net interest income | 336,000 | 1,026,000 | 2,112,000 | 3,449,000 |
| Noninterest income | 47,000 | 102,000 | 143,000 | 186,000 |
| Noninterest expense | 224,000 | 525,000 | 898,000 | 1,804,000 |
| Provision for loan losses | 0 | 86,000 | 335,000 | 562,000 |
| Pretax income | 159,000 | 517,000 | 1,022,000 | 1,269,000 |
| Income tax | 43,000 | 131,000 | 259,000 | 325,000 |
| Net income | 116,000 | 386,000 | 763,000 | 944,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,405,000 | 11,609,000 | 14,993,000 | 19,433,000 |
| Total capital | 7,565,000 | 11,855,000 | 15,486,000 | 20,153,000 |
| Risk-weighted assets | 21,338,000 | 49,377,000 | 85,899,000 | 133,561,000 |