Call reports 2023
SOUTHERN MICHIGAN BANK & TRUST — 2023
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,323,667,000 | 1,413,578,000 | 1,425,158,000 | 1,409,265,000 |
| Total loans | 933,499,000 | 999,828,000 | 1,038,544,000 | 1,036,587,000 |
| Allowance for loan losses | 10,963,000 | 11,616,000 | 11,634,000 | 11,697,000 |
| Securities available for sale | 179,237,000 | 173,454,000 | 163,104,000 | 167,922,000 |
| Securities held to maturity | 68,946,000 | 70,551,000 | 62,613,000 | 61,599,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,136,043,000 | 1,187,875,000 | 1,198,574,000 | 1,162,857,000 |
| Interest-bearing deposits | 878,670,000 | 933,800,000 | 959,921,000 | 931,865,000 |
| Noninterest-bearing deposits | 257,373,000 | 254,075,000 | 238,653,000 | 230,992,000 |
| Equity capital | 113,183,000 | 114,896,000 | 115,159,000 | 123,359,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 14,319,000 | 30,287,000 | 47,503,000 | 65,499,000 |
| Interest expense | 4,035,000 | 9,713,000 | 16,548,000 | 23,774,000 |
| Net interest income | 10,284,000 | 20,574,000 | 30,955,000 | 41,725,000 |
| Noninterest income | 1,818,000 | 3,788,000 | 5,767,000 | 7,750,000 |
| Noninterest expense | 7,639,000 | 15,435,000 | 23,584,000 | 32,793,000 |
| Provision for loan losses | 275,000 | 925,000 | 950,000 | 1,024,000 |
| Pretax income | 4,201,000 | 8,033,000 | 12,222,000 | 15,732,000 |
| Income tax | 852,000 | 1,544,000 | 2,324,000 | 3,053,000 |
| Net income | 3,349,000 | 6,489,000 | 9,898,000 | 12,679,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 118,136,000 | 120,644,000 | 124,062,000 | 126,224,000 |
| Total capital | 129,598,000 | 132,760,000 | 136,196,000 | 138,347,000 |
| Risk-weighted assets | 1,073,516,000 | 1,110,597,000 | 1,128,580,000 | 1,113,953,000 |