Call reports 2015
WOLVERINE BANK, F.S.B. — 2015
What WOLVERINE BANK, F.S.B. reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 352,912,000 | 357,800,000 | 343,550,000 | 417,766,000 |
| Total loans | 296,178,000 | 310,476,000 | 317,810,000 | 325,254,000 |
| Allowance for loan losses | 8,236,000 | 9,175,000 | 9,482,000 | 10,060,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 435,000 | 435,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 232,240,000 | 239,006,000 | 232,785,000 | 285,079,000 |
| Interest-bearing deposits | 206,336,000 | 210,472,000 | 207,401,000 | 257,927,000 |
| Noninterest-bearing deposits | 25,904,000 | 28,534,000 | 25,384,000 | 27,152,000 |
| Equity capital | 59,895,000 | 60,774,000 | 61,895,000 | 60,021,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,741,000 | 7,530,000 | 11,667,000 | 15,821,000 |
| Interest expense | 851,000 | 1,729,000 | 2,582,000 | 3,450,000 |
| Net interest income | 2,890,000 | 5,801,000 | 9,085,000 | 12,371,000 |
| Noninterest income | 239,000 | 419,000 | 805,000 | 1,045,000 |
| Noninterest expense | 1,709,000 | 3,409,000 | 5,426,000 | 7,493,000 |
| Provision for loan losses | 250,000 | 500,000 | 650,000 | 800,000 |
| Pretax income | 1,170,000 | 2,311,000 | 3,814,000 | 5,123,000 |
| Income tax | 409,000 | 815,000 | 1,342,000 | 1,804,000 |
| Net income | 761,000 | 1,496,000 | 2,472,000 | 3,319,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,343,000 | 58,963,000 | 59,861,000 | 57,794,000 |
| Total capital | 61,738,000 | 62,494,000 | 63,522,000 | 61,583,000 |
| Risk-weighted assets | 265,856,000 | 275,797,000 | 285,820,000 | 295,578,000 |