Call reports 2013
SOUTHERN MICHIGAN BANK & TRUST — 2013
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 536,778,000 | 521,811,000 | 535,420,000 | 538,580,000 |
| Total loans | 360,350,000 | 368,116,000 | 371,744,000 | 386,126,000 |
| Allowance for loan losses | 5,232,000 | 5,594,000 | 5,397,000 | 5,238,000 |
| Securities available for sale | 84,687,000 | 79,145,000 | 74,756,000 | 76,005,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 455,048,000 | 441,043,000 | 449,395,000 | 451,429,000 |
| Interest-bearing deposits | 429,101,000 | 416,354,000 | 422,128,000 | 422,238,000 |
| Noninterest-bearing deposits | 25,947,000 | 24,689,000 | 27,267,000 | 29,191,000 |
| Equity capital | 60,845,000 | 60,833,000 | 61,419,000 | 62,306,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 4,869,000 | 9,820,000 | 14,870,000 | 19,915,000 |
| Interest expense | 523,000 | 997,000 | 1,457,000 | 1,902,000 |
| Net interest income | 4,346,000 | 8,823,000 | 13,413,000 | 18,013,000 |
| Noninterest income | 1,823,000 | 3,575,000 | 5,353,000 | 7,048,000 |
| Noninterest expense | 4,484,000 | 8,926,000 | 13,320,000 | 17,877,000 |
| Provision for loan losses | 225,000 | 400,000 | 650,000 | 750,000 |
| Pretax income | 1,460,000 | 3,072,000 | 4,808,000 | 6,574,000 |
| Income tax | 354,000 | 824,000 | 1,303,000 | 1,845,000 |
| Net income | 1,106,000 | 2,248,000 | 3,505,000 | 4,729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,110,000 | 46,934,000 | 47,882,000 | 48,766,000 |
| Total capital | 50,768,000 | 51,649,000 | 52,655,000 | 53,844,000 |
| Risk-weighted assets | 372,045,000 | 376,308,000 | 383,532,000 | 406,053,000 |
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