Call reports 2021
M1 BANK — 2021
What M1 BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 506,092,000 | 577,632,000 | 579,099,000 | 619,576,000 |
| Total loans | 394,833,000 | 421,576,000 | 428,645,000 | 426,177,000 |
| Allowance for loan losses | 2,962,000 | 2,962,000 | 3,001,000 | 3,409,000 |
| Securities available for sale | 0 | 0 | 0 | 34,346,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 458,982,000 | 527,520,000 | 525,576,000 | 564,281,000 |
| Interest-bearing deposits | 417,128,000 | 444,883,000 | 477,057,000 | 507,911,000 |
| Noninterest-bearing deposits | 41,854,000 | 82,637,000 | 48,519,000 | 56,370,000 |
| Equity capital | 44,327,000 | 49,220,000 | 52,112,000 | 54,116,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,527,000 | 11,329,000 | 17,743,000 | 24,412,000 |
| Interest expense | 1,030,000 | 1,954,000 | 2,987,000 | 4,039,000 |
| Net interest income | 4,497,000 | 9,375,000 | 14,756,000 | 20,373,000 |
| Noninterest income | 6,000 | 20,000 | 45,000 | 30,000 |
| Noninterest expense | 1,283,000 | 2,727,000 | 4,292,000 | 6,486,000 |
| Provision for loan losses | 225,000 | 228,000 | 267,000 | 675,000 |
| Pretax income | 2,995,000 | 6,440,000 | 10,242,000 | 13,242,000 |
| Income tax | 730,000 | 1,418,000 | 2,328,000 | 3,012,000 |
| Net income | 2,265,000 | 5,022,000 | 7,914,000 | 10,230,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,639,000 | 48,540,000 | 51,440,000 | 53,764,000 |