Call reports 2015
FIRST BANK, UPPER MICHIGAN — 2015
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 171,117,000 | 177,161,000 | 182,689,000 | 179,038,000 |
| Total loans | 131,525,000 | 139,455,000 | 138,361,000 | 138,357,000 |
| Allowance for loan losses | 2,708,000 | 2,674,000 | 2,563,000 | 2,418,000 |
| Securities available for sale | 33,242,000 | 29,525,000 | 29,412,000 | 29,230,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,884,000 | 124,234,000 | 133,093,000 | 130,881,000 |
| Interest-bearing deposits | 102,957,000 | 99,620,000 | 108,017,000 | 105,917,000 |
| Noninterest-bearing deposits | 21,927,000 | 24,614,000 | 25,076,000 | 24,964,000 |
| Equity capital | 34,365,000 | 33,807,000 | 34,314,000 | 35,215,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,964,000 | 4,033,000 | 6,131,000 | 8,218,000 |
| Interest expense | 200,000 | 402,000 | 609,000 | 819,000 |
| Net interest income | 1,764,000 | 3,631,000 | 5,522,000 | 7,399,000 |
| Noninterest income | 516,000 | 1,076,000 | 1,738,000 | 2,296,000 |
| Noninterest expense | 1,391,000 | 2,859,000 | 4,276,000 | 5,754,000 |
| Provision for loan losses | 45,000 | 90,000 | 285,000 | 330,000 |
| Pretax income | 844,000 | 1,758,000 | 2,699,000 | 3,611,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 844,000 | 1,758,000 | 2,699,000 | 3,611,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,970,000 | 32,781,000 | 33,171,000 | 33,016,000 |
| Total capital | 34,493,000 | 34,408,000 | 34,790,000 | 34,636,000 |
| Risk-weighted assets | 120,685,000 | 129,126,000 | 128,601,000 | 128,817,000 |