Call reports 2010
UNITED BANK OF MICHIGAN — 2010
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 429,402,000 | 429,519,000 | 426,338,000 | 434,007,000 |
| Total loans | 361,923,000 | 366,040,000 | 365,925,000 | 366,382,000 |
| Allowance for loan losses | 4,939,000 | 5,123,000 | 5,127,000 | 5,271,000 |
| Securities available for sale | 8,530,000 | 7,011,000 | 7,499,000 | 5,211,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 352,121,000 | 351,351,000 | 347,911,000 | 358,330,000 |
| Interest-bearing deposits | 314,224,000 | 309,763,000 | 306,761,000 | 312,643,000 |
| Noninterest-bearing deposits | 37,897,000 | 41,588,000 | 41,150,000 | 45,687,000 |
| Equity capital | 38,484,000 | 38,854,000 | 39,624,000 | 40,284,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 5,657,000 | 11,387,000 | 17,408,000 | 23,258,000 |
| Interest expense | 1,746,000 | 3,450,000 | 5,083,000 | 6,541,000 |
| Net interest income | 3,911,000 | 7,937,000 | 12,325,000 | 16,717,000 |
| Noninterest income | 923,000 | 1,890,000 | 3,495,000 | 5,245,000 |
| Noninterest expense | 3,636,000 | 7,122,000 | 11,003,000 | 15,418,000 |
| Provision for loan losses | 590,000 | 1,170,000 | 1,705,000 | 2,060,000 |
| Pretax income | 608,000 | 1,535,000 | 3,112,000 | 4,484,000 |
| Income tax | 162,000 | 437,000 | 934,000 | 1,320,000 |
| Net income | 446,000 | 1,098,000 | 2,178,000 | 3,164,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,834,000 | 38,186,000 | 38,951,000 | 39,607,000 |
| Total capital | 42,336,000 | 42,685,000 | 43,470,000 | 44,117,000 |
| Risk-weighted assets | 359,699,000 | 359,274,000 | 360,877,000 | 360,067,000 |