Call reports 2020
SOUTHERN MICHIGAN BANK & TRUST — 2020
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 825,181,000 | 911,239,000 | 931,394,000 | 993,967,000 |
| Total loans | 561,426,000 | 635,792,000 | 626,774,000 | 637,560,000 |
| Allowance for loan losses | 6,177,000 | 6,936,000 | 7,424,000 | 7,789,000 |
| Securities available for sale | 140,097,000 | 146,101,000 | 177,793,000 | 208,380,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 679,112,000 | 768,184,000 | 782,344,000 | 839,818,000 |
| Interest-bearing deposits | 645,094,000 | 727,874,000 | 742,940,000 | 794,035,000 |
| Noninterest-bearing deposits | 34,018,000 | 40,310,000 | 39,404,000 | 45,783,000 |
| Equity capital | 91,596,000 | 95,418,000 | 98,387,000 | 100,341,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 7,964,000 | 15,967,000 | 23,713,000 | 31,761,000 |
| Interest expense | 1,406,000 | 2,585,000 | 3,623,000 | 4,527,000 |
| Net interest income | 6,558,000 | 13,382,000 | 20,090,000 | 27,234,000 |
| Noninterest income | 1,882,000 | 3,818,000 | 6,290,000 | 8,508,000 |
| Noninterest expense | 5,493,000 | 11,104,000 | 17,224,000 | 23,669,000 |
| Provision for loan losses | 1,000,000 | 1,750,000 | 2,250,000 | 2,600,000 |
| Pretax income | 1,947,000 | 4,346,000 | 6,906,000 | 9,473,000 |
| Income tax | 340,000 | 793,000 | 1,217,000 | 1,708,000 |
| Net income | 1,607,000 | 3,553,000 | 5,689,000 | 7,765,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,129,000 | 79,103,000 | 81,247,000 | 82,302,000 |
| Total capital | 84,306,000 | 86,039,000 | 88,671,000 | 90,091,000 |
| Risk-weighted assets | 657,451,000 | 654,259,000 | 658,295,000 | 689,564,000 |