Call reports 2021
UNITED BANK OF MICHIGAN — 2021
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 803,660,000 | 826,421,000 | 853,809,000 | 862,936,000 |
| Total loans | 574,688,000 | 570,797,000 | 577,990,000 | 598,506,000 |
| Allowance for loan losses | 9,627,000 | 9,627,000 | 8,907,000 | 8,905,000 |
| Securities available for sale | 10,780,000 | 27,852,000 | 32,012,000 | 52,655,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 656,411,000 | 678,994,000 | 704,695,000 | 711,878,000 |
| Interest-bearing deposits | 488,384,000 | 498,412,000 | 526,549,000 | 530,095,000 |
| Noninterest-bearing deposits | 168,027,000 | 180,582,000 | 178,146,000 | 181,783,000 |
| Equity capital | 79,977,000 | 80,192,000 | 82,478,000 | 83,660,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,978,000 | 13,702,000 | 20,356,000 | 27,246,000 |
| Interest expense | 779,000 | 1,447,000 | 2,103,000 | 2,750,000 |
| Net interest income | 6,199,000 | 12,255,000 | 18,253,000 | 24,496,000 |
| Noninterest income | 5,352,000 | 7,866,000 | 10,730,000 | 13,135,000 |
| Noninterest expense | 6,186,000 | 13,993,000 | 19,611,000 | 25,948,000 |
| Provision for loan losses | 250,000 | 250,000 | -250,000 | -250,000 |
| Pretax income | 5,115,000 | 5,878,000 | 9,622,000 | 11,933,000 |
| Income tax | 997,000 | 1,094,000 | 1,820,000 | 2,289,000 |
| Net income | 4,118,000 | 4,784,000 | 7,802,000 | 9,644,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 79,886,000 | 80,052,000 | 82,571,000 | 83,912,000 |