Call reports 2017
SOUTHERN MICHIGAN BANK & TRUST — 2017
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 647,089,000 | 661,857,000 | 709,691,000 | 710,091,000 |
| Total loans | 454,140,000 | 489,679,000 | 501,622,000 | 523,961,000 |
| Allowance for loan losses | 4,785,000 | 4,897,000 | 5,013,000 | 5,009,000 |
| Securities available for sale | 107,852,000 | 104,185,000 | 102,103,000 | 105,184,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 542,938,000 | 542,405,000 | 577,381,000 | 578,523,000 |
| Interest-bearing deposits | 512,769,000 | 512,864,000 | 548,892,000 | 545,619,000 |
| Noninterest-bearing deposits | 30,169,000 | 29,541,000 | 28,489,000 | 32,904,000 |
| Equity capital | 73,775,000 | 80,444,000 | 81,260,000 | 80,533,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 5,813,000 | 11,924,000 | 18,504,000 | 25,326,000 |
| Interest expense | 416,000 | 865,000 | 1,458,000 | 2,132,000 |
| Net interest income | 5,397,000 | 11,059,000 | 17,046,000 | 23,194,000 |
| Noninterest income | 1,636,000 | 3,209,000 | 4,911,000 | 6,639,000 |
| Noninterest expense | 5,015,000 | 10,155,000 | 15,145,000 | 20,614,000 |
| Provision for loan losses | 0 | 0 | 175,000 | 175,000 |
| Pretax income | 2,019,000 | 4,114,000 | 6,640,000 | 9,047,000 |
| Income tax | 562,000 | 1,146,000 | 1,877,000 | 3,372,000 |
| Net income | 1,457,000 | 2,968,000 | 4,763,000 | 5,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,821,000 | 66,775,000 | 67,694,000 | 67,724,000 |
| Total capital | 65,606,000 | 71,672,000 | 72,707,000 | 72,733,000 |
| Risk-weighted assets | 536,395,000 | 567,377,000 | 582,105,000 | 603,664,000 |