Call reports 2016
SOUTHERN MICHIGAN BANK & TRUST — 2016
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 597,413,000 | 596,510,000 | 619,467,000 | 639,528,000 |
| Total loans | 422,130,000 | 417,978,000 | 423,676,000 | 449,898,000 |
| Allowance for loan losses | 5,182,000 | 4,916,000 | 4,889,000 | 4,841,000 |
| Securities available for sale | 90,847,000 | 101,979,000 | 109,930,000 | 109,963,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 497,862,000 | 495,511,000 | 515,510,000 | 536,668,000 |
| Interest-bearing deposits | 471,120,000 | 465,222,000 | 487,285,000 | 508,643,000 |
| Noninterest-bearing deposits | 26,742,000 | 30,289,000 | 28,225,000 | 28,025,000 |
| Equity capital | 72,250,000 | 72,761,000 | 73,676,000 | 72,515,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 5,494,000 | 10,898,000 | 16,358,000 | 22,023,000 |
| Interest expense | 354,000 | 715,000 | 1,100,000 | 1,514,000 |
| Net interest income | 5,140,000 | 10,183,000 | 15,258,000 | 20,509,000 |
| Noninterest income | 1,661,000 | 3,299,000 | 5,002,000 | 6,734,000 |
| Noninterest expense | 4,537,000 | 9,228,000 | 13,888,000 | 18,759,000 |
| Provision for loan losses | 100,000 | 100,000 | 100,000 | 100,000 |
| Pretax income | 2,206,000 | 4,196,000 | 6,372,000 | 8,486,000 |
| Income tax | 638,000 | 1,187,000 | 1,803,000 | 2,389,000 |
| Net income | 1,568,000 | 3,009,000 | 4,569,000 | 6,097,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,855,000 | 58,140,000 | 59,094,000 | 60,006,000 |
| Total capital | 63,037,000 | 63,056,000 | 63,983,000 | 64,847,000 |
| Risk-weighted assets | 487,170,000 | 482,353,000 | 494,383,000 | 529,234,000 |