Call reports 2023
UNITED BANK OF MICHIGAN — 2023
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 956,762,000 | 912,553,000 | 939,147,000 | 943,853,000 |
| Total loans | 718,830,000 | 714,435,000 | 745,688,000 | 771,891,000 |
| Allowance for loan losses | 8,288,000 | 8,321,000 | 8,318,000 | 8,094,000 |
| Securities available for sale | 75,744,000 | 71,638,000 | 67,096,000 | 66,859,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 781,414,000 | 750,240,000 | 785,766,000 | 778,287,000 |
| Interest-bearing deposits | 599,947,000 | 572,830,000 | 613,365,000 | 606,728,000 |
| Noninterest-bearing deposits | 181,467,000 | 177,410,000 | 172,401,000 | 171,559,000 |
| Equity capital | 87,109,000 | 88,219,000 | 88,938,000 | 91,139,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 9,216,000 | 19,076,000 | 29,268,000 | 39,987,000 |
| Interest expense | 1,644,000 | 3,939,000 | 6,719,000 | 10,034,000 |
| Net interest income | 7,572,000 | 15,137,000 | 22,549,000 | 29,953,000 |
| Noninterest income | 1,775,000 | 3,308,000 | 4,860,000 | 6,332,000 |
| Noninterest expense | 6,144,000 | 12,547,000 | 19,161,000 | 25,748,000 |
| Provision for loan losses | 120,000 | 120,000 | 120,000 | 227,000 |
| Pretax income | 3,083,000 | 5,778,000 | 8,128,000 | 10,135,000 |
| Income tax | 588,000 | 1,081,000 | 1,534,000 | 1,867,000 |
| Net income | 2,495,000 | 4,697,000 | 6,594,000 | 8,268,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 91,968,000 | 93,294,000 | 94,316,000 | 95,115,000 |