Call reports 2008
FIRST BANK, UPPER MICHIGAN — 2008
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 161,974,000 | 156,740,000 | 155,320,000 | 152,570,000 |
| Total loans | 128,007,000 | 129,106,000 | 128,993,000 | 127,251,000 |
| Allowance for loan losses | 3,733,000 | 3,788,000 | 3,698,000 | 3,614,000 |
| Securities available for sale | 24,786,000 | 17,594,000 | 20,103,000 | 18,201,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,848,000 | 120,793,000 | 119,032,000 | 115,897,000 |
| Interest-bearing deposits | 109,706,000 | 106,783,000 | 107,208,000 | 104,385,000 |
| Noninterest-bearing deposits | 11,142,000 | 14,010,000 | 11,824,000 | 11,512,000 |
| Equity capital | 22,465,000 | 21,958,000 | 22,320,000 | 23,359,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,781,000 | 5,523,000 | 8,251,000 | 10,916,000 |
| Interest expense | 1,114,000 | 2,142,000 | 3,074,000 | 3,942,000 |
| Net interest income | 1,667,000 | 3,381,000 | 5,177,000 | 6,974,000 |
| Noninterest income | 566,000 | 1,188,000 | 1,822,000 | 2,512,000 |
| Noninterest expense | 1,206,000 | 2,427,000 | 3,646,000 | 4,915,000 |
| Provision for loan losses | 45,000 | 140,000 | 325,000 | 470,000 |
| Pretax income | 982,000 | 2,002,000 | 3,028,000 | 4,101,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 982,000 | 2,002,000 | 3,028,000 | 4,101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,048,000 | 21,795,000 | 22,168,000 | 23,243,000 |
| Total capital | 23,695,000 | 23,354,000 | 23,698,000 | 24,740,000 |
| Risk-weighted assets | 129,700,000 | 122,458,000 | 120,248,000 | 117,676,000 |
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