Call reports 2011
FIRST BANK, UPPER MICHIGAN — 2011
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 170,652,000 | 167,909,000 | 172,955,000 | 168,435,000 |
| Total loans | 127,627,000 | 127,086,000 | 127,702,000 | 127,791,000 |
| Allowance for loan losses | 4,142,000 | 4,148,000 | 4,112,000 | 4,115,000 |
| Securities available for sale | 35,802,000 | 34,187,000 | 32,376,000 | 33,362,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,922,000 | 120,666,000 | 124,791,000 | 119,537,000 |
| Interest-bearing deposits | 116,160,000 | 110,605,000 | 113,946,000 | 108,175,000 |
| Noninterest-bearing deposits | 9,762,000 | 10,061,000 | 10,845,000 | 11,362,000 |
| Equity capital | 27,362,000 | 27,524,000 | 28,409,000 | 29,609,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,295,000 | 4,589,000 | 6,886,000 | 9,162,000 |
| Interest expense | 476,000 | 943,000 | 1,397,000 | 1,859,000 |
| Net interest income | 1,819,000 | 3,646,000 | 5,489,000 | 7,303,000 |
| Noninterest income | 637,000 | 1,186,000 | 1,699,000 | 2,401,000 |
| Noninterest expense | 1,320,000 | 2,592,000 | 3,777,000 | 5,058,000 |
| Provision for loan losses | 170,000 | 265,000 | 385,000 | 575,000 |
| Pretax income | 966,000 | 1,975,000 | 3,026,000 | 4,071,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 966,000 | 1,975,000 | 3,026,000 | 4,071,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,637,000 | 26,418,000 | 26,855,000 | 27,899,000 |
| Total capital | 28,207,000 | 27,777,000 | 28,389,000 | 29,423,000 |
| Risk-weighted assets | 123,050,000 | 120,356,000 | 120,310,000 | 119,343,000 |