Call reports 2017
FIRST BANK, UPPER MICHIGAN — 2017
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 195,772,000 | 196,089,000 | 193,982,000 | 457,135,000 |
| Total loans | 150,779,000 | 152,030,000 | 152,390,000 | 338,337,000 |
| Allowance for loan losses | 2,343,000 | 2,323,000 | 2,276,000 | 2,869,000 |
| Securities available for sale | 26,140,000 | 25,112,000 | 24,838,000 | 65,267,000 |
| Securities held to maturity | 0 | 0 | 0 | 1,035,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 153,596,000 | 155,631,000 | 154,216,000 | 377,582,000 |
| Interest-bearing deposits | 123,638,000 | 122,299,000 | 123,151,000 | 296,751,000 |
| Noninterest-bearing deposits | 29,958,000 | 33,332,000 | 31,065,000 | 80,831,000 |
| Equity capital | 19,390,000 | 19,145,000 | 19,274,000 | 55,791,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,123,000 | 4,307,000 | 6,587,000 | 19,013,000 |
| Interest expense | 271,000 | 547,000 | 819,000 | 1,736,000 |
| Net interest income | 1,852,000 | 3,760,000 | 5,768,000 | 17,277,000 |
| Noninterest income | 639,000 | 1,260,000 | 1,878,000 | 6,067,000 |
| Noninterest expense | 1,526,000 | 2,964,000 | 4,451,000 | 15,523,000 |
| Provision for loan losses | 90,000 | 250,000 | 340,000 | 1,275,000 |
| Pretax income | 875,000 | 1,806,000 | 2,855,000 | 6,546,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 875,000 | 1,806,000 | 2,855,000 | 6,546,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,578,000 | 17,215,000 | 17,409,000 | 42,561,000 |
| Total capital | 19,498,000 | 19,112,000 | 19,299,000 | 45,430,000 |
| Risk-weighted assets | 153,212,000 | 151,319,000 | 150,847,000 | 363,984,000 |