Call reports 2016
FIRST BANK, UPPER MICHIGAN — 2016
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 178,798,000 | 187,737,000 | 195,036,000 | 190,743,000 |
| Total loans | 138,082,000 | 145,473,000 | 147,180,000 | 148,381,000 |
| Allowance for loan losses | 2,268,000 | 2,365,000 | 2,269,000 | 2,279,000 |
| Securities available for sale | 29,093,000 | 27,001,000 | 26,549,000 | 27,105,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,536,000 | 146,584,000 | 153,604,000 | 149,025,000 |
| Interest-bearing deposits | 111,726,000 | 119,506,000 | 125,115,000 | 118,523,000 |
| Noninterest-bearing deposits | 25,810,000 | 27,078,000 | 28,489,000 | 30,502,000 |
| Equity capital | 18,537,000 | 18,279,000 | 18,467,000 | 18,926,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,056,000 | 4,138,000 | 6,294,000 | 8,432,000 |
| Interest expense | 232,000 | 500,000 | 781,000 | 1,055,000 |
| Net interest income | 1,824,000 | 3,638,000 | 5,513,000 | 7,377,000 |
| Noninterest income | 578,000 | 1,287,000 | 1,839,000 | 2,496,000 |
| Noninterest expense | 1,483,000 | 2,969,000 | 4,411,000 | 5,804,000 |
| Provision for loan losses | 45,000 | 190,000 | 235,000 | 380,000 |
| Pretax income | 874,000 | 1,766,000 | 2,706,000 | 3,689,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 874,000 | 1,766,000 | 2,706,000 | 3,689,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,283,000 | 15,989,000 | 16,267,000 | 17,251,000 |
| Total capital | 17,909,000 | 17,720,000 | 18,083,000 | 19,107,000 |
| Risk-weighted assets | 129,421,000 | 137,855,000 | 144,818,000 | 148,036,000 |