Call reports 2021
SOUTHERN MICHIGAN BANK & TRUST — 2021
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,075,224,000 | 1,118,231,000 | 1,138,456,000 | 1,157,088,000 |
| Total loans | 646,627,000 | 702,449,000 | 734,468,000 | 742,554,000 |
| Allowance for loan losses | 7,818,000 | 8,229,000 | 8,879,000 | 9,320,000 |
| Securities available for sale | 238,712,000 | 258,848,000 | 251,726,000 | 245,846,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 925,674,000 | 953,489,000 | 971,085,000 | 983,120,000 |
| Interest-bearing deposits | 874,535,000 | 897,023,000 | 705,131,000 | 711,372,000 |
| Noninterest-bearing deposits | 51,139,000 | 56,466,000 | 265,954,000 | 271,748,000 |
| Equity capital | 97,544,000 | 118,011,000 | 119,743,000 | 120,635,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 8,786,000 | 17,619,000 | 27,413,000 | 37,103,000 |
| Interest expense | 786,000 | 1,476,000 | 2,085,000 | 2,671,000 |
| Net interest income | 8,000,000 | 16,143,000 | 25,328,000 | 34,432,000 |
| Noninterest income | 2,255,000 | 4,717,000 | 6,900,000 | 9,056,000 |
| Noninterest expense | 6,355,000 | 12,605,000 | 19,100,000 | 26,479,000 |
| Provision for loan losses | 0 | 400,000 | 1,050,000 | 1,500,000 |
| Pretax income | 3,900,000 | 7,860,000 | 12,083,000 | 15,514,000 |
| Income tax | 737,000 | 1,438,000 | 2,232,000 | 2,829,000 |
| Net income | 3,163,000 | 6,422,000 | 9,851,000 | 12,685,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 84,323,000 | 101,641,000 | 104,537,000 | 106,138,000 |
| Total capital | 92,141,000 | 109,870,000 | 113,416,000 | 115,458,000 |
| Risk-weighted assets | 700,335,000 | 783,356,000 | 835,445,000 | 866,155,000 |