Call reports 2018
SOUTHERN MICHIGAN BANK & TRUST — 2018
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 716,642,000 | 730,208,000 | 764,633,000 | 735,863,000 |
| Total loans | 537,182,000 | 546,799,000 | 534,422,000 | 531,974,000 |
| Allowance for loan losses | 4,993,000 | 4,987,000 | 4,911,000 | 5,117,000 |
| Securities available for sale | 102,062,000 | 100,604,000 | 101,723,000 | 101,439,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 595,992,000 | 599,458,000 | 638,416,000 | 606,685,000 |
| Interest-bearing deposits | 562,325,000 | 564,830,000 | 608,967,000 | 542,091,000 |
| Noninterest-bearing deposits | 33,667,000 | 34,628,000 | 29,449,000 | 64,594,000 |
| Equity capital | 80,819,000 | 82,019,000 | 83,734,000 | 85,289,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 6,976,000 | 14,369,000 | 21,945,000 | 29,746,000 |
| Interest expense | 702,000 | 1,527,000 | 2,578,000 | 3,713,000 |
| Net interest income | 6,274,000 | 12,842,000 | 19,367,000 | 26,033,000 |
| Noninterest income | 1,604,000 | 3,244,000 | 4,974,000 | 6,842,000 |
| Noninterest expense | 5,478,000 | 10,989,000 | 16,302,000 | 22,143,000 |
| Provision for loan losses | 0 | 0 | 0 | 250,000 |
| Pretax income | 2,400,000 | 5,097,000 | 8,039,000 | 10,321,000 |
| Income tax | 403,000 | 771,000 | 1,312,000 | 1,740,000 |
| Net income | 1,997,000 | 4,326,000 | 6,727,000 | 8,581,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,405,000 | 69,903,000 | 71,963,000 | 72,842,000 |
| Total capital | 73,398,000 | 74,890,000 | 76,874,000 | 77,959,000 |
| Risk-weighted assets | 603,226,000 | 608,096,000 | 607,673,000 | 609,433,000 |