Call reports 2024
UNITED BANK OF MICHIGAN — 2024
What UNITED BANK OF MICHIGAN reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,010,430,000 | 996,468,000 | 994,572,000 | 994,673,000 |
| Total loans | 783,394,000 | 798,530,000 | 812,909,000 | 812,637,000 |
| Allowance for loan losses | 8,229,000 | 8,473,000 | 8,506,000 | 8,705,000 |
| Securities available for sale | 63,920,000 | 59,493,000 | 57,028,000 | 61,652,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 835,172,000 | 829,164,000 | 823,929,000 | 821,699,000 |
| Interest-bearing deposits | 665,115,000 | 655,492,000 | 654,380,000 | 656,602,000 |
| Noninterest-bearing deposits | 170,057,000 | 173,672,000 | 169,549,000 | 165,097,000 |
| Equity capital | 92,161,000 | 93,415,000 | 95,914,000 | 96,735,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 11,330,000 | 23,095,000 | 35,480,000 | 47,572,000 |
| Interest expense | 3,978,000 | 8,305,000 | 13,046,000 | 17,391,000 |
| Net interest income | 7,352,000 | 14,790,000 | 22,434,000 | 30,181,000 |
| Noninterest income | 1,699,000 | 3,567,000 | 5,618,000 | 7,478,000 |
| Noninterest expense | 6,562,000 | 13,400,000 | 20,110,000 | 26,917,000 |
| Provision for loan losses | 131,000 | 387,000 | 567,000 | 734,000 |
| Pretax income | 2,410,000 | 4,681,000 | 7,496,000 | 10,164,000 |
| Income tax | 436,000 | 850,000 | 1,378,000 | 1,877,000 |
| Net income | 1,974,000 | 3,831,000 | 6,118,000 | 8,287,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 96,089,000 | 96,946,000 | 98,233,000 | 99,402,000 |