Call reports 2019
SOUTHERN MICHIGAN BANK & TRUST — 2019
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 783,613,000 | 775,674,000 | 808,751,000 | 806,619,000 |
| Total loans | 549,468,000 | 543,352,000 | 548,110,000 | 564,035,000 |
| Allowance for loan losses | 5,264,000 | 5,157,000 | 5,121,000 | 5,184,000 |
| Securities available for sale | 98,636,000 | 111,307,000 | 126,499,000 | 123,436,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 653,387,000 | 634,410,000 | 661,202,000 | 658,013,000 |
| Interest-bearing deposits | 588,743,000 | 599,828,000 | 624,987,000 | 618,697,000 |
| Noninterest-bearing deposits | 64,644,000 | 34,582,000 | 36,215,000 | 39,316,000 |
| Equity capital | 86,404,000 | 88,776,000 | 90,986,000 | 91,155,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 7,826,000 | 16,004,000 | 24,266,000 | 32,490,000 |
| Interest expense | 1,252,000 | 2,672,000 | 4,177,000 | 5,663,000 |
| Net interest income | 6,574,000 | 13,332,000 | 20,089,000 | 26,827,000 |
| Noninterest income | 1,638,000 | 3,362,000 | 5,392,000 | 7,357,000 |
| Noninterest expense | 5,703,000 | 11,359,000 | 17,135,000 | 23,362,000 |
| Provision for loan losses | 150,000 | 150,000 | 150,000 | 225,000 |
| Pretax income | 2,405,000 | 5,392,000 | 8,562,000 | 10,963,000 |
| Income tax | 414,000 | 990,000 | 1,536,000 | 1,988,000 |
| Net income | 1,991,000 | 4,402,000 | 7,026,000 | 8,975,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,131,000 | 74,493,000 | 76,519,000 | 77,494,000 |
| Total capital | 78,395,000 | 79,650,000 | 81,640,000 | 82,678,000 |
| Risk-weighted assets | 623,378,000 | 616,377,000 | 637,379,000 | 629,839,000 |