Call reports 2011
SOUTHERN MICHIGAN BANK & TRUST — 2011
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 501,463,000 | 480,575,000 | 514,644,000 | 508,579,000 |
| Total loans | 306,061,000 | 306,229,000 | 314,556,000 | 333,892,000 |
| Allowance for loan losses | 5,576,000 | 5,402,000 | 5,398,000 | 5,412,000 |
| Securities available for sale | 81,070,000 | 88,015,000 | 85,890,000 | 90,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 418,385,000 | 397,839,000 | 429,897,000 | 421,489,000 |
| Interest-bearing deposits | 397,074,000 | 376,153,000 | 408,177,000 | 398,947,000 |
| Noninterest-bearing deposits | 21,311,000 | 21,686,000 | 21,720,000 | 22,542,000 |
| Equity capital | 55,587,000 | 56,483,000 | 57,441,000 | 57,947,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 4,861,000 | 9,682,000 | 14,619,000 | 19,662,000 |
| Interest expense | 906,000 | 1,760,000 | 2,585,000 | 3,364,000 |
| Net interest income | 3,955,000 | 7,922,000 | 12,034,000 | 16,298,000 |
| Noninterest income | 1,557,000 | 3,044,000 | 4,669,000 | 6,305,000 |
| Noninterest expense | 4,349,000 | 8,346,000 | 12,473,000 | 16,781,000 |
| Provision for loan losses | 125,000 | 500,000 | 875,000 | 1,050,000 |
| Pretax income | 1,040,000 | 2,122,000 | 3,359,000 | 4,801,000 |
| Income tax | 224,000 | 465,000 | 748,000 | 1,119,000 |
| Net income | 816,000 | 1,657,000 | 2,611,000 | 3,682,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,843,000 | 41,420,000 | 42,111,000 | 42,756,000 |
| Total capital | 44,876,000 | 45,440,000 | 46,212,000 | 47,078,000 |
| Risk-weighted assets | 321,111,000 | 320,253,000 | 326,784,000 | 344,651,000 |
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