Call reports 2022
UNITED BANK OF MICHIGAN — 2022
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 861,564,000 | 845,282,000 | 876,559,000 | 902,322,000 |
| Total loans | 607,958,000 | 651,993,000 | 666,791,000 | 706,364,000 |
| Allowance for loan losses | 8,907,000 | 8,940,000 | 8,174,000 | 8,169,000 |
| Securities available for sale | 77,501,000 | 77,872,000 | 75,873,000 | 77,073,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 733,219,000 | 716,920,000 | 746,276,000 | 748,012,000 |
| Interest-bearing deposits | 552,852,000 | 528,313,000 | 560,555,000 | 571,335,000 |
| Noninterest-bearing deposits | 180,367,000 | 188,607,000 | 185,721,000 | 176,677,000 |
| Equity capital | 82,284,000 | 81,296,000 | 82,712,000 | 85,185,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 6,761,000 | 13,848,000 | 22,146,000 | 30,879,000 |
| Interest expense | 624,000 | 1,157,000 | 1,773,000 | 2,833,000 |
| Net interest income | 6,137,000 | 12,691,000 | 20,373,000 | 28,046,000 |
| Noninterest income | 1,939,000 | 3,939,000 | 5,851,000 | 7,638,000 |
| Noninterest expense | 6,235,000 | 12,494,000 | 19,077,000 | 24,829,000 |
| Provision for loan losses | 0 | 0 | -750,000 | -750,000 |
| Pretax income | 1,841,000 | 4,136,000 | 7,897,000 | 11,605,000 |
| Income tax | 319,000 | 733,000 | 1,408,000 | 2,170,000 |
| Net income | 1,522,000 | 3,403,000 | 6,489,000 | 9,435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 84,684,000 | 85,815,000 | 88,152,000 | 90,347,000 |