Call reports 2010
FIRST BANK, UPPER MICHIGAN — 2010
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 165,174,000 | 166,299,000 | 170,094,000 | 164,487,000 |
| Total loans | 124,702,000 | 127,673,000 | 128,512,000 | 127,390,000 |
| Allowance for loan losses | 3,856,000 | 3,845,000 | 4,009,000 | 4,113,000 |
| Securities available for sale | 34,464,000 | 32,710,000 | 33,428,000 | 31,098,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,373,000 | 119,439,000 | 123,215,000 | 119,303,000 |
| Interest-bearing deposits | 110,819,000 | 109,071,000 | 112,075,000 | 108,372,000 |
| Noninterest-bearing deposits | 10,554,000 | 10,368,000 | 11,140,000 | 10,931,000 |
| Equity capital | 26,071,000 | 25,712,000 | 26,572,000 | 26,867,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,404,000 | 4,820,000 | 7,255,000 | 9,646,000 |
| Interest expense | 589,000 | 1,179,000 | 1,750,000 | 2,304,000 |
| Net interest income | 1,815,000 | 3,641,000 | 5,505,000 | 7,342,000 |
| Noninterest income | 505,000 | 1,010,000 | 1,630,000 | 2,390,000 |
| Noninterest expense | 1,274,000 | 2,522,000 | 3,812,000 | 5,035,000 |
| Provision for loan losses | 85,000 | 170,000 | 315,000 | 575,000 |
| Pretax income | 961,000 | 1,945,000 | 2,994,000 | 4,108,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 961,000 | 1,945,000 | 2,994,000 | 4,108,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,119,000 | 24,841,000 | 25,245,000 | 26,359,000 |
| Total capital | 26,652,000 | 26,400,000 | 26,821,000 | 27,883,000 |
| Risk-weighted assets | 120,383,000 | 122,299,000 | 123,697,000 | 119,367,000 |
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