Call reports 2018
FIRST BANK, UPPER MICHIGAN — 2018
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 458,053,000 | 457,058,000 | 463,906,000 | 473,516,000 |
| Total loans | 333,833,000 | 344,893,000 | 348,605,000 | 342,702,000 |
| Allowance for loan losses | 3,588,000 | 3,849,000 | 4,093,000 | 4,297,000 |
| Securities available for sale | 62,237,000 | 57,049,000 | 55,576,000 | 53,302,000 |
| Securities held to maturity | 1,035,000 | 932,000 | 932,000 | 932,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 375,783,000 | 378,495,000 | 384,331,000 | 392,242,000 |
| Interest-bearing deposits | 306,325,000 | 303,790,000 | 308,053,000 | 307,767,000 |
| Noninterest-bearing deposits | 69,458,000 | 74,705,000 | 76,278,000 | 84,475,000 |
| Equity capital | 55,992,000 | 55,224,000 | 56,041,000 | 58,541,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 4,947,000 | 9,918,000 | 15,024,000 | 20,284,000 |
| Interest expense | 527,000 | 1,128,000 | 1,776,000 | 2,483,000 |
| Net interest income | 4,420,000 | 8,790,000 | 13,248,000 | 17,801,000 |
| Noninterest income | 1,861,000 | 3,301,000 | 4,908,000 | 6,267,000 |
| Noninterest expense | 3,812,000 | 7,510,000 | 11,342,000 | 14,866,000 |
| Provision for loan losses | 800,000 | 1,100,000 | 1,400,000 | 1,700,000 |
| Pretax income | 1,669,000 | 3,481,000 | 5,414,000 | 7,502,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,669,000 | 3,481,000 | 5,414,000 | 7,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,696,000 | 42,089,000 | 43,164,000 | 45,358,000 |
| Total capital | 46,284,000 | 45,938,000 | 47,257,000 | 49,655,000 |
| Risk-weighted assets | 366,747,000 | 373,919,000 | 377,950,000 | 374,038,000 |