Call reports 2006
FIRST BANK, UPPER MICHIGAN — 2006
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 164,619,000 | 160,316,000 | 160,552,000 | 153,192,000 |
| Total loans | 131,086,000 | 131,875,000 | 132,745,000 | 132,179,000 |
| Allowance for loan losses | 3,608,000 | 3,640,000 | 3,664,000 | 3,616,000 |
| Securities available for sale | 16,538,000 | 14,931,000 | 15,295,000 | 15,042,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,375,000 | 120,766,000 | 130,692,000 | 120,631,000 |
| Interest-bearing deposits | 111,980,000 | 106,192,000 | 116,136,000 | 103,814,000 |
| Noninterest-bearing deposits | 12,395,000 | 14,574,000 | 14,556,000 | 16,817,000 |
| Equity capital | 18,938,000 | 18,489,000 | 19,069,000 | 20,168,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,635,000 | 5,364,000 | 8,124,000 | 10,940,000 |
| Interest expense | 1,000,000 | 2,066,000 | 3,124,000 | 4,242,000 |
| Net interest income | 1,635,000 | 3,298,000 | 5,000,000 | 6,698,000 |
| Noninterest income | 499,000 | 1,012,000 | 1,589,000 | 2,119,000 |
| Noninterest expense | 1,170,000 | 2,314,000 | 3,512,000 | 4,611,000 |
| Provision for loan losses | 95,000 | 140,000 | 185,000 | 230,000 |
| Pretax income | 869,000 | 1,843,000 | 2,861,000 | 3,956,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 869,000 | 1,843,000 | 2,861,000 | 3,956,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,814,000 | 18,453,000 | 18,882,000 | 19,977,000 |
| Total capital | 20,443,000 | 20,049,000 | 20,433,000 | 21,505,000 |
| Risk-weighted assets | 129,118,000 | 125,644,000 | 126,862,000 | 120,177,000 |
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