Call reports 2014
UNITED BANK OF MICHIGAN — 2014
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 478,636,000 | 474,828,000 | 475,470,000 | 495,730,000 |
| Total loans | 394,078,000 | 399,804,000 | 397,553,000 | 406,411,000 |
| Allowance for loan losses | 4,922,000 | 5,003,000 | 4,973,000 | 5,079,000 |
| Securities available for sale | 3,504,000 | 1,386,000 | 6,332,000 | 6,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 385,758,000 | 382,205,000 | 381,673,000 | 378,945,000 |
| Interest-bearing deposits | 330,429,000 | 326,039,000 | 329,010,000 | 327,006,000 |
| Noninterest-bearing deposits | 55,330,000 | 56,166,000 | 52,663,000 | 51,939,000 |
| Equity capital | 48,179,000 | 48,576,000 | 49,118,000 | 49,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 5,263,000 | 10,567,000 | 15,921,000 | 21,224,000 |
| Interest expense | 722,000 | 1,447,000 | 2,170,000 | 2,941,000 |
| Net interest income | 4,541,000 | 9,120,000 | 13,751,000 | 18,283,000 |
| Noninterest income | 821,000 | 1,847,000 | 3,163,000 | 5,496,000 |
| Noninterest expense | 4,418,000 | 8,964,000 | 13,540,000 | 18,335,000 |
| Provision for loan losses | 91,000 | 201,000 | 400,000 | 670,000 |
| Pretax income | 853,000 | 1,802,000 | 2,974,000 | 4,774,000 |
| Income tax | 211,000 | 456,000 | 774,000 | 1,260,000 |
| Net income | 642,000 | 1,346,000 | 2,200,000 | 3,514,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,560,000 | 48,171,000 | 48,724,000 | 49,739,000 |
| Total capital | 52,482,000 | 53,112,000 | 53,645,000 | 54,818,000 |
| Risk-weighted assets | 395,228,000 | 395,279,000 | 393,590,000 | 407,958,000 |