Call reports 2009
FIRST BANK, UPPER MICHIGAN — 2009
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 159,053,000 | 158,868,000 | 167,162,000 | 163,775,000 |
| Total loans | 127,852,000 | 124,417,000 | 125,958,000 | 125,583,000 |
| Allowance for loan losses | 3,689,000 | 3,827,000 | 3,846,000 | 3,808,000 |
| Securities available for sale | 23,838,000 | 28,055,000 | 33,853,000 | 31,928,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,395,000 | 120,796,000 | 124,204,000 | 118,204,000 |
| Interest-bearing deposits | 110,115,000 | 109,029,000 | 113,358,000 | 106,369,000 |
| Noninterest-bearing deposits | 11,280,000 | 11,767,000 | 10,846,000 | 11,835,000 |
| Equity capital | 23,882,000 | 23,458,000 | 24,798,000 | 25,579,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,503,000 | 5,019,000 | 7,570,000 | 10,091,000 |
| Interest expense | 756,000 | 1,475,000 | 2,180,000 | 2,852,000 |
| Net interest income | 1,747,000 | 3,544,000 | 5,390,000 | 7,239,000 |
| Noninterest income | 708,000 | 1,496,000 | 2,260,000 | 2,878,000 |
| Noninterest expense | 1,365,000 | 2,690,000 | 4,062,000 | 5,196,000 |
| Provision for loan losses | 95,000 | 340,000 | 560,000 | 850,000 |
| Pretax income | 995,000 | 2,010,000 | 3,028,000 | 4,109,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 995,000 | 2,010,000 | 3,028,000 | 4,109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,702,000 | 23,324,000 | 23,695,000 | 24,776,000 |
| Total capital | 25,223,000 | 24,817,000 | 25,228,000 | 26,294,000 |
| Risk-weighted assets | 119,579,000 | 117,126,000 | 120,330,000 | 119,216,000 |
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