Call reports 2014
FIRST BANK, UPPER MICHIGAN — 2014
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 164,972,000 | 165,022,000 | 164,871,000 | 165,121,000 |
| Total loans | 119,116,000 | 119,394,000 | 123,513,000 | 125,132,000 |
| Allowance for loan losses | 3,200,000 | 3,130,000 | 3,025,000 | 2,826,000 |
| Securities available for sale | 37,559,000 | 33,591,000 | 34,004,000 | 33,321,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,735,000 | 121,216,000 | 122,661,000 | 121,298,000 |
| Interest-bearing deposits | 102,271,000 | 99,598,000 | 100,459,000 | 98,304,000 |
| Noninterest-bearing deposits | 19,464,000 | 21,618,000 | 22,202,000 | 22,994,000 |
| Equity capital | 32,339,000 | 32,528,000 | 32,960,000 | 33,869,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,905,000 | 3,891,000 | 5,891,000 | 7,897,000 |
| Interest expense | 235,000 | 455,000 | 646,000 | 838,000 |
| Net interest income | 1,670,000 | 3,436,000 | 5,245,000 | 7,059,000 |
| Noninterest income | 476,000 | 999,000 | 1,506,000 | 2,049,000 |
| Noninterest expense | 1,325,000 | 2,559,000 | 3,912,000 | 5,297,000 |
| Provision for loan losses | 45,000 | 190,000 | 235,000 | 280,000 |
| Pretax income | 776,000 | 1,686,000 | 2,604,000 | 3,531,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 776,000 | 1,686,000 | 2,604,000 | 3,531,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,366,000 | 31,342,000 | 31,709,000 | 32,635,000 |
| Total capital | 32,747,000 | 32,725,000 | 33,119,000 | 34,055,000 |
| Risk-weighted assets | 108,656,000 | 108,860,000 | 111,199,000 | 112,226,000 |