Call reports 2012
SOUTHERN MICHIGAN BANK & TRUST — 2012
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 519,250,000 | 502,589,000 | 514,336,000 | 528,219,000 |
| Total loans | 335,519,000 | 350,832,000 | 352,901,000 | 371,381,000 |
| Allowance for loan losses | 5,525,000 | 5,167,000 | 5,362,000 | 5,455,000 |
| Securities available for sale | 84,801,000 | 76,054,000 | 75,594,000 | 64,525,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 435,223,000 | 418,407,000 | 431,751,000 | 444,776,000 |
| Interest-bearing deposits | 410,568,000 | 395,501,000 | 411,222,000 | 416,818,000 |
| Noninterest-bearing deposits | 24,655,000 | 22,906,000 | 20,529,000 | 27,958,000 |
| Equity capital | 58,504,000 | 59,212,000 | 59,993,000 | 60,053,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 4,932,000 | 9,902,000 | 14,955,000 | 19,983,000 |
| Interest expense | 708,000 | 1,344,000 | 1,935,000 | 2,484,000 |
| Net interest income | 4,224,000 | 8,558,000 | 13,020,000 | 17,499,000 |
| Noninterest income | 1,590,000 | 3,282,000 | 5,057,000 | 7,038,000 |
| Noninterest expense | 4,185,000 | 8,284,000 | 12,566,000 | 16,980,000 |
| Provision for loan losses | 225,000 | 700,000 | 1,050,000 | 1,350,000 |
| Pretax income | 1,407,000 | 2,859,000 | 4,464,000 | 6,210,000 |
| Income tax | 334,000 | 690,000 | 1,078,000 | 1,576,000 |
| Net income | 1,073,000 | 2,169,000 | 3,386,000 | 4,634,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,466,000 | 44,144,000 | 44,944,000 | 45,325,000 |
| Total capital | 47,762,000 | 48,631,000 | 49,432,000 | 50,053,000 |
| Risk-weighted assets | 342,470,000 | 358,250,000 | 358,183,000 | 377,515,000 |
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