Call reports 2023
M1 BANK — 2023
What M1 BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 845,966,000 | 858,586,000 | 977,925,000 | 963,804,000 |
| Total loans | 696,422,000 | 697,292,000 | 813,809,000 | 822,542,000 |
| Allowance for loan losses | 5,304,000 | 5,578,000 | 6,511,000 | 6,580,000 |
| Securities available for sale | 28,637,000 | 28,435,000 | 34,570,000 | 35,477,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 759,885,000 | 756,131,000 | 888,930,000 | 861,257,000 |
| Interest-bearing deposits | 707,325,000 | 705,068,000 | 841,809,000 | 815,778,000 |
| Noninterest-bearing deposits | 52,560,000 | 51,063,000 | 47,121,000 | 45,479,000 |
| Equity capital | 78,053,000 | 80,001,000 | 80,534,000 | 91,053,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 21,310,000 | 35,989,000 | 52,191,000 | 70,647,000 |
| Interest expense | 5,554,000 | 12,286,000 | 20,616,000 | 30,699,000 |
| Net interest income | 15,756,000 | 23,703,000 | 31,575,000 | 39,948,000 |
| Noninterest income | 22,000 | 70,000 | 95,000 | 122,000 |
| Noninterest expense | 2,424,000 | 4,966,000 | 7,821,000 | 12,375,000 |
| Provision for loan losses | 25,000 | 307,000 | 1,240,000 | 1,333,000 |
| Pretax income | 12,869,000 | 17,871,000 | 21,980,000 | 25,281,000 |
| Income tax | 2,899,000 | 3,937,000 | 4,884,000 | 5,612,000 |
| Net income | 9,970,000 | 13,934,000 | 17,096,000 | 19,669,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,037,000 | 84,502,000 | 86,114,000 | 95,487,000 |