Call reports 2013
FIRST BANK, UPPER MICHIGAN — 2013
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 166,235,000 | 168,004,000 | 165,740,000 | 165,155,000 |
| Total loans | 119,178,000 | 119,116,000 | 118,461,000 | 119,277,000 |
| Allowance for loan losses | 4,074,000 | 4,011,000 | 3,863,000 | 3,446,000 |
| Securities available for sale | 32,325,000 | 34,595,000 | 37,834,000 | 37,903,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,444,000 | 123,394,000 | 123,303,000 | 121,372,000 |
| Interest-bearing deposits | 99,942,000 | 103,242,000 | 103,997,000 | 100,881,000 |
| Noninterest-bearing deposits | 21,502,000 | 20,152,000 | 19,306,000 | 20,491,000 |
| Equity capital | 31,581,000 | 30,987,000 | 30,858,000 | 31,728,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,977,000 | 3,891,000 | 5,885,000 | 7,846,000 |
| Interest expense | 315,000 | 608,000 | 889,000 | 1,153,000 |
| Net interest income | 1,662,000 | 3,283,000 | 4,996,000 | 6,693,000 |
| Noninterest income | 584,000 | 1,358,000 | 1,912,000 | 2,675,000 |
| Noninterest expense | 1,310,000 | 2,595,000 | 3,873,000 | 5,159,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 380,000 |
| Pretax income | 891,000 | 1,956,000 | 2,900,000 | 3,829,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 891,000 | 1,956,000 | 2,900,000 | 3,829,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,816,000 | 29,763,000 | 30,100,000 | 31,029,000 |
| Total capital | 31,218,000 | 31,172,000 | 31,497,000 | 32,419,000 |
| Risk-weighted assets | 109,487,000 | 110,129,000 | 109,292,000 | 109,147,000 |