Call reports 2012
FIRST BANK, UPPER MICHIGAN — 2012
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 171,490,000 | 171,827,000 | 175,904,000 | 171,185,000 |
| Total loans | 128,576,000 | 127,811,000 | 127,760,000 | 123,855,000 |
| Allowance for loan losses | 4,197,000 | 4,215,000 | 4,246,000 | 4,218,000 |
| Securities available for sale | 34,122,000 | 36,391,000 | 33,714,000 | 35,290,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,137,000 | 120,601,000 | 127,081,000 | 121,911,000 |
| Interest-bearing deposits | 110,406,000 | 101,647,000 | 107,598,000 | 101,620,000 |
| Noninterest-bearing deposits | 11,731,000 | 18,954,000 | 19,483,000 | 20,291,000 |
| Equity capital | 29,956,000 | 30,004,000 | 30,500,000 | 31,440,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 2,215,000 | 4,403,000 | 6,618,000 | 8,721,000 |
| Interest expense | 420,000 | 832,000 | 1,225,000 | 1,610,000 |
| Net interest income | 1,795,000 | 3,571,000 | 5,393,000 | 7,111,000 |
| Noninterest income | 663,000 | 1,281,000 | 1,913,000 | 2,697,000 |
| Noninterest expense | 1,366,000 | 2,621,000 | 3,922,000 | 5,249,000 |
| Provision for loan losses | 130,000 | 260,000 | 355,000 | 525,000 |
| Pretax income | 962,000 | 1,971,000 | 3,029,000 | 4,034,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 962,000 | 1,971,000 | 3,029,000 | 4,034,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,275,000 | 28,055,000 | 28,499,000 | 29,504,000 |
| Total capital | 29,809,000 | 29,592,000 | 30,008,000 | 30,988,000 |
| Risk-weighted assets | 120,019,000 | 120,317,000 | 118,073,000 | 115,960,000 |