Call reports 2014
SOUTHERN MICHIGAN BANK & TRUST — 2014
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 582,971,000 | 546,818,000 | 542,604,000 | 542,233,000 |
| Total loans | 379,874,000 | 385,079,000 | 398,298,000 | 410,596,000 |
| Allowance for loan losses | 5,098,000 | 5,236,000 | 5,254,000 | 5,177,000 |
| Securities available for sale | 93,222,000 | 98,248,000 | 85,091,000 | 72,880,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 500,402,000 | 458,086,000 | 458,960,000 | 445,205,000 |
| Interest-bearing deposits | 408,086,000 | 389,926,000 | 433,138,000 | 419,987,000 |
| Noninterest-bearing deposits | 92,316,000 | 68,160,000 | 25,822,000 | 25,218,000 |
| Equity capital | 63,059,000 | 64,187,000 | 65,190,000 | 66,193,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,996,000 | 10,049,000 | 15,151,000 | 20,311,000 |
| Interest expense | 396,000 | 728,000 | 1,051,000 | 1,345,000 |
| Net interest income | 4,600,000 | 9,321,000 | 14,100,000 | 18,966,000 |
| Noninterest income | 1,517,000 | 2,950,000 | 4,628,000 | 6,278,000 |
| Noninterest expense | 4,483,000 | 8,759,000 | 13,287,000 | 17,919,000 |
| Provision for loan losses | 0 | 225,000 | 325,000 | 400,000 |
| Pretax income | 1,667,000 | 3,324,000 | 5,197,000 | 7,015,000 |
| Income tax | 462,000 | 917,000 | 1,442,000 | 1,951,000 |
| Net income | 1,205,000 | 2,407,000 | 3,755,000 | 5,064,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,644,000 | 50,460,000 | 51,420,000 | 52,342,000 |
| Total capital | 54,682,000 | 55,696,000 | 56,674,000 | 57,519,000 |
| Risk-weighted assets | 402,961,000 | 419,203,000 | 425,446,000 | 435,623,000 |
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