Call reports 2020
UNITED BANK OF MICHIGAN — 2020
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 700,270,000 | 781,808,000 | 781,656,000 | 799,610,000 |
| Total loans | 577,948,000 | 611,845,000 | 616,565,000 | 603,306,000 |
| Allowance for loan losses | 5,888,000 | 6,129,000 | 7,604,000 | 9,380,000 |
| Securities available for sale | 3,511,000 | 3,336,000 | 4,742,000 | 5,259,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 543,908,000 | 643,340,000 | 641,473,000 | 655,904,000 |
| Interest-bearing deposits | 432,731,000 | 482,684,000 | 488,706,000 | 505,620,000 |
| Noninterest-bearing deposits | 111,177,000 | 160,656,000 | 152,767,000 | 150,284,000 |
| Equity capital | 71,050,000 | 72,315,000 | 74,346,000 | 76,434,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 7,359,000 | 14,632,000 | 21,897,000 | 29,964,000 |
| Interest expense | 1,366,000 | 2,774,000 | 3,793,000 | 4,734,000 |
| Net interest income | 5,993,000 | 11,858,000 | 18,104,000 | 25,230,000 |
| Noninterest income | 2,085,000 | 4,880,000 | 9,005,000 | 13,695,000 |
| Noninterest expense | 5,963,000 | 11,537,000 | 17,342,000 | 24,135,000 |
| Provision for loan losses | 419,000 | 1,274,000 | 2,789,000 | 4,600,000 |
| Pretax income | 1,696,000 | 3,927,000 | 6,978,000 | 10,190,000 |
| Income tax | 299,000 | 709,000 | 1,314,000 | 1,947,000 |
| Net income | 1,397,000 | 3,218,000 | 5,664,000 | 8,243,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,923,000 | 72,243,000 | 74,190,000 | 76,268,000 |