Call reports 2019
FIRST BANK, UPPER MICHIGAN — 2019
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 466,731,000 | 471,689,000 | 474,857,000 | 468,903,000 |
| Total loans | 346,724,000 | 348,950,000 | 352,042,000 | 346,325,000 |
| Allowance for loan losses | 4,417,000 | 4,373,000 | 4,504,000 | 4,476,000 |
| Securities available for sale | 51,676,000 | 50,425,000 | 54,736,000 | 54,486,000 |
| Securities held to maturity | 932,000 | 828,000 | 828,000 | 828,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 383,871,000 | 388,466,000 | 390,204,000 | 382,634,000 |
| Interest-bearing deposits | 308,366,000 | 305,051,000 | 308,345,000 | 299,947,000 |
| Noninterest-bearing deposits | 75,505,000 | 83,415,000 | 81,859,000 | 82,687,000 |
| Equity capital | 59,772,000 | 59,876,000 | 61,011,000 | 63,397,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 5,148,000 | 10,481,000 | 15,902,000 | 21,270,000 |
| Interest expense | 738,000 | 1,508,000 | 2,296,000 | 3,049,000 |
| Net interest income | 4,410,000 | 8,973,000 | 13,606,000 | 18,221,000 |
| Noninterest income | 1,383,000 | 2,779,000 | 4,422,000 | 6,068,000 |
| Noninterest expense | 3,792,000 | 7,570,000 | 11,325,000 | 14,972,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 700,000 |
| Pretax income | 1,851,000 | 3,882,000 | 6,253,000 | 8,617,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,851,000 | 3,882,000 | 6,253,000 | 8,617,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,176,000 | 45,979,000 | 47,038,000 | 49,507,000 |
| Total capital | 50,593,000 | 50,352,000 | 51,542,000 | 53,983,000 |
| Risk-weighted assets | 374,581,000 | 375,987,000 | 372,805,000 | 372,310,000 |