Call reports 2015
SOUTHERN MICHIGAN BANK & TRUST — 2015
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 552,255,000 | 557,143,000 | 582,518,000 | 581,671,000 |
| Total loans | 408,004,000 | 412,672,000 | 411,114,000 | 422,317,000 |
| Allowance for loan losses | 5,144,000 | 5,196,000 | 5,206,000 | 5,273,000 |
| Securities available for sale | 77,942,000 | 83,908,000 | 92,009,000 | 97,150,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 453,949,000 | 457,815,000 | 477,548,000 | 478,158,000 |
| Interest-bearing deposits | 428,894,000 | 428,646,000 | 454,063,000 | 449,831,000 |
| Noninterest-bearing deposits | 25,055,000 | 29,169,000 | 23,485,000 | 28,327,000 |
| Equity capital | 67,311,000 | 68,534,000 | 70,086,000 | 70,877,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 5,125,000 | 10,367,000 | 15,724,000 | 21,151,000 |
| Interest expense | 316,000 | 653,000 | 1,014,000 | 1,372,000 |
| Net interest income | 4,809,000 | 9,714,000 | 14,710,000 | 19,779,000 |
| Noninterest income | 1,440,000 | 3,790,000 | 5,498,000 | 7,030,000 |
| Noninterest expense | 4,434,000 | 9,122,000 | 13,560,000 | 18,432,000 |
| Provision for loan losses | 75,000 | 150,000 | 200,000 | 250,000 |
| Pretax income | 1,764,000 | 4,256,000 | 6,472,000 | 8,153,000 |
| Income tax | 491,000 | 1,032,000 | 1,664,000 | 2,086,000 |
| Net income | 1,273,000 | 3,224,000 | 4,808,000 | 6,067,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,493,000 | 55,000,000 | 56,119,000 | 56,912,000 |
| Total capital | 58,637,000 | 60,196,000 | 61,325,000 | 62,185,000 |
| Risk-weighted assets | 447,590,000 | 459,029,000 | 476,021,000 | 481,856,000 |