Call reports 2018
UNITED BANK OF MICHIGAN — 2018
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 633,168,000 | 629,515,000 | 638,904,000 | 661,164,000 |
| Total loans | 541,747,000 | 542,820,000 | 557,147,000 | 569,782,000 |
| Allowance for loan losses | 5,458,000 | 5,426,000 | 5,523,000 | 5,276,000 |
| Securities available for sale | 1,937,000 | 1,773,000 | 3,540,000 | 3,585,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 491,798,000 | 491,625,000 | 489,133,000 | 502,026,000 |
| Interest-bearing deposits | 385,841,000 | 379,284,000 | 381,025,000 | 391,351,000 |
| Noninterest-bearing deposits | 105,957,000 | 112,341,000 | 108,108,000 | 110,675,000 |
| Equity capital | 61,367,000 | 63,001,000 | 64,421,000 | 65,033,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 6,585,000 | 13,511,000 | 20,566,000 | 27,873,000 |
| Interest expense | 842,000 | 1,703,000 | 2,646,000 | 3,744,000 |
| Net interest income | 5,743,000 | 11,808,000 | 17,920,000 | 24,129,000 |
| Noninterest income | 1,494,000 | 3,056,000 | 4,568,000 | 6,356,000 |
| Noninterest expense | 5,188,000 | 10,370,000 | 15,702,000 | 21,238,000 |
| Provision for loan losses | 0 | 0 | 80,000 | 980,000 |
| Pretax income | 2,049,000 | 4,494,000 | 6,706,000 | 8,267,000 |
| Income tax | 383,000 | 848,000 | 1,264,000 | 1,551,000 |
| Net income | 1,666,000 | 3,646,000 | 5,442,000 | 6,716,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,367,000 | 63,001,000 | 64,449,000 | 65,023,000 |
| Total capital | 66,825,000 | 68,427,000 | 69,972,000 | 70,299,000 |
| Risk-weighted assets | 564,901,000 | 567,588,000 | 585,001,000 | 590,671,000 |