Call reports 2007
FIRST BANK, UPPER MICHIGAN — 2007
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 156,179,000 | 152,089,000 | 161,998,000 | 153,873,000 |
| Total loans | 129,010,000 | 130,087,000 | 129,856,000 | 128,391,000 |
| Allowance for loan losses | 3,668,000 | 3,712,000 | 3,620,000 | 3,722,000 |
| Securities available for sale | 15,423,000 | 14,756,000 | 14,632,000 | 18,038,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,143,000 | 115,082,000 | 123,248,000 | 117,782,000 |
| Interest-bearing deposits | 112,655,000 | 101,727,000 | 110,520,000 | 105,670,000 |
| Noninterest-bearing deposits | 12,488,000 | 13,355,000 | 12,728,000 | 12,112,000 |
| Equity capital | 20,549,000 | 20,179,000 | 20,787,000 | 21,996,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,742,000 | 5,526,000 | 8,387,000 | 11,253,000 |
| Interest expense | 1,058,000 | 2,130,000 | 3,263,000 | 4,445,000 |
| Net interest income | 1,684,000 | 3,396,000 | 5,124,000 | 6,808,000 |
| Noninterest income | 541,000 | 1,088,000 | 1,623,000 | 2,359,000 |
| Noninterest expense | 1,177,000 | 2,334,000 | 3,527,000 | 4,678,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 280,000 |
| Pretax income | 1,003,000 | 2,060,000 | 3,085,000 | 4,209,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,003,000 | 2,060,000 | 3,085,000 | 4,209,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,364,000 | 20,162,000 | 20,593,000 | 21,717,000 |
| Total capital | 21,891,000 | 21,686,000 | 22,249,000 | 23,251,000 |
| Risk-weighted assets | 122,018,000 | 119,732,000 | 130,498,000 | 120,573,000 |
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