Call reports 2019
UNITED BANK OF MICHIGAN — 2019
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 668,060,000 | 703,936,000 | 695,297,000 | 695,189,000 |
| Total loans | 585,777,000 | 591,386,000 | 577,518,000 | 576,065,000 |
| Allowance for loan losses | 5,314,000 | 5,486,000 | 5,484,000 | 5,484,000 |
| Securities available for sale | 3,642,000 | 3,567,000 | 3,476,000 | 3,484,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 509,425,000 | 520,102,000 | 519,909,000 | 538,525,000 |
| Interest-bearing deposits | 400,233,000 | 406,601,000 | 410,166,000 | 424,674,000 |
| Noninterest-bearing deposits | 109,192,000 | 113,501,000 | 109,743,000 | 113,851,000 |
| Equity capital | 66,034,000 | 67,376,000 | 68,877,000 | 70,132,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 7,525,000 | 15,204,000 | 23,240,000 | 30,688,000 |
| Interest expense | 1,211,000 | 2,594,000 | 4,113,000 | 5,492,000 |
| Net interest income | 6,314,000 | 12,610,000 | 19,127,000 | 25,196,000 |
| Noninterest income | 1,457,000 | 3,293,000 | 5,262,000 | 7,446,000 |
| Noninterest expense | 5,747,000 | 11,482,000 | 17,256,000 | 22,869,000 |
| Provision for loan losses | 240,000 | 420,000 | 660,000 | 1,140,000 |
| Pretax income | 1,784,000 | 4,001,000 | 6,473,000 | 8,633,000 |
| Income tax | 327,000 | 741,000 | 1,218,000 | 1,630,000 |
| Net income | 1,457,000 | 3,260,000 | 5,255,000 | 7,003,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,979,000 | 67,283,000 | 68,778,000 | 70,026,000 |
| Total capital | 71,293,000 | 72,769,000 | 74,262,000 | 75,510,000 |
| Risk-weighted assets | 604,514,000 | 616,086,000 | 595,838,000 | 600,666,000 |