Call reports 2022
SOUTHERN MICHIGAN BANK & TRUST — 2022
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,222,026,000 | 1,179,045,000 | 1,240,313,000 | 1,272,193,000 |
| Total loans | 765,484,000 | 789,587,000 | 823,560,000 | 886,626,000 |
| Allowance for loan losses | 9,307,000 | 9,317,000 | 9,331,000 | 9,588,000 |
| Securities available for sale | 267,692,000 | 211,107,000 | 199,526,000 | 177,810,000 |
| Securities held to maturity | 0 | 68,479,000 | 70,023,000 | 69,661,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,068,846,000 | 1,039,413,000 | 1,101,689,000 | 1,099,747,000 |
| Interest-bearing deposits | 785,121,000 | 764,247,000 | 819,271,000 | 822,427,000 |
| Noninterest-bearing deposits | 283,725,000 | 275,166,000 | 282,418,000 | 277,320,000 |
| Equity capital | 109,740,000 | 106,744,000 | 103,867,000 | 108,391,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 9,209,000 | 19,363,000 | 30,892,000 | 44,101,000 |
| Interest expense | 584,000 | 1,253,000 | 2,297,000 | 4,480,000 |
| Net interest income | 8,625,000 | 18,110,000 | 28,595,000 | 39,621,000 |
| Noninterest income | 1,910,000 | 3,792,000 | 5,659,000 | 8,240,000 |
| Noninterest expense | 6,662,000 | 13,719,000 | 21,260,000 | 29,396,000 |
| Provision for loan losses | 0 | 0 | 0 | 275,000 |
| Pretax income | 3,873,000 | 8,183,000 | 12,994,000 | 17,524,000 |
| Income tax | 713,000 | 1,501,000 | 2,410,000 | 3,054,000 |
| Net income | 3,160,000 | 6,682,000 | 10,584,000 | 14,470,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,268,000 | 111,208,000 | 114,028,000 | 116,682,000 |
| Total capital | 117,575,000 | 120,525,000 | 123,359,000 | 126,270,000 |
| Risk-weighted assets | 895,827,000 | 928,352,000 | 984,717,000 | 1,039,545,000 |