Call reports 2019
M1 BANK — 2019
What M1 BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 222,254,000 | 269,309,000 | 283,371,000 | 298,107,000 |
| Total loans | 118,720,000 | 142,410,000 | 171,884,000 | 221,310,000 |
| Allowance for loan losses | 797,000 | 897,000 | 918,000 | 2,213,000 |
| Securities available for sale | 13,776,000 | 992,000 | 997,000 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,661,000 | 244,459,000 | 246,663,000 | 266,428,000 |
| Interest-bearing deposits | 185,220,000 | 231,360,000 | 224,336,000 | 232,543,000 |
| Noninterest-bearing deposits | 15,441,000 | 13,099,000 | 22,327,000 | 33,885,000 |
| Equity capital | 20,562,000 | 23,997,000 | 26,098,000 | 30,843,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 2,611,000 | 5,755,000 | 9,010,000 | 13,165,000 |
| Interest expense | 894,000 | 2,078,000 | 3,354,000 | 4,557,000 |
| Net interest income | 1,717,000 | 3,677,000 | 5,656,000 | 8,608,000 |
| Noninterest income | 98,000 | 23,000 | 51,000 | 82,000 |
| Noninterest expense | 1,038,000 | 1,996,000 | 3,041,000 | 4,372,000 |
| Provision for loan losses | 77,000 | 177,000 | 198,000 | 1,494,000 |
| Pretax income | 700,000 | 1,623,000 | 2,564,000 | 2,920,000 |
| Income tax | 153,000 | 418,000 | 657,000 | 782,000 |
| Net income | 547,000 | 1,205,000 | 1,907,000 | 2,138,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,788,000 | 23,253,000 | 25,363,000 | 30,115,000 |
| Total capital | 20,585,000 | 24,150,000 | 26,281,000 | 32,328,000 |
| Risk-weighted assets | 164,752,000 | 199,432,000 | 223,242,000 | 283,029,000 |