Call reports 2016
WOLVERINE BANK, F.S.B. — 2016
What WOLVERINE BANK, F.S.B. reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 385,838,000 | 378,484,000 | 370,207,000 | 434,124,000 |
| Total loans | 334,779,000 | 342,516,000 | 325,165,000 | 330,169,000 |
| Allowance for loan losses | 10,024,000 | 9,829,000 | 9,320,000 | 9,326,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 498,000 | 498,000 | 499,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 276,625,000 | 267,511,000 | 257,130,000 | 284,894,000 |
| Interest-bearing deposits | 250,653,000 | 239,547,000 | 232,755,000 | 257,184,000 |
| Noninterest-bearing deposits | 25,972,000 | 27,965,000 | 24,375,000 | 27,711,000 |
| Equity capital | 61,183,000 | 62,570,000 | 64,205,000 | 61,030,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,115,000 | 8,339,000 | 12,866,000 | 16,964,000 |
| Interest expense | 967,000 | 1,940,000 | 2,910,000 | 3,883,000 |
| Net interest income | 3,148,000 | 6,399,000 | 9,956,000 | 13,081,000 |
| Noninterest income | 184,000 | 376,000 | 607,000 | 798,000 |
| Noninterest expense | 1,751,000 | 3,525,000 | 5,532,000 | 7,389,000 |
| Provision for loan losses | 0 | -200,000 | -760,000 | -760,000 |
| Pretax income | 1,581,000 | 3,450,000 | 5,791,000 | 7,250,000 |
| Income tax | 573,000 | 1,205,000 | 2,063,000 | 2,604,000 |
| Net income | 1,008,000 | 2,245,000 | 3,728,000 | 4,646,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,710,000 | 61,400,000 | 63,362,000 | 60,077,000 |
| Total capital | 63,484,000 | 65,194,000 | 66,957,000 | 63,880,000 |
| Risk-weighted assets | 295,041,000 | 297,009,000 | 281,599,000 | 298,317,000 |