Call reports 2020
FIRST BANK, UPPER MICHIGAN — 2020
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 467,636,000 | 522,711,000 | 528,163,000 | 528,022,000 |
| Total loans | 342,282,000 | 379,796,000 | 384,265,000 | 361,424,000 |
| Allowance for loan losses | 4,620,000 | 4,744,000 | 4,912,000 | 5,002,000 |
| Securities available for sale | 57,650,000 | 52,420,000 | 56,435,000 | 70,687,000 |
| Securities held to maturity | 828,000 | 725,000 | 725,000 | 725,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 380,438,000 | 433,709,000 | 440,135,000 | 438,207,000 |
| Interest-bearing deposits | 304,675,000 | 321,466,000 | 330,625,000 | 326,193,000 |
| Noninterest-bearing deposits | 75,763,000 | 112,243,000 | 109,510,000 | 112,014,000 |
| Equity capital | 64,906,000 | 64,753,000 | 65,965,000 | 68,569,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,454,000 | 10,493,000 | 15,293,000 | 20,067,000 |
| Interest expense | 702,000 | 1,342,000 | 1,925,000 | 2,451,000 |
| Net interest income | 4,752,000 | 9,151,000 | 13,368,000 | 17,616,000 |
| Noninterest income | 1,616,000 | 3,785,000 | 6,305,000 | 8,940,000 |
| Noninterest expense | 3,862,000 | 7,769,000 | 11,697,000 | 15,776,000 |
| Provision for loan losses | 250,000 | 475,000 | 675,000 | 900,000 |
| Pretax income | 2,256,000 | 4,692,000 | 7,301,000 | 9,880,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,256,000 | 4,692,000 | 7,301,000 | 9,880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,581,000 | 49,914,000 | 51,144,000 | 53,828,000 |
| Total capital | 55,201,000 | 54,658,000 | 56,055,000 | 58,784,000 |
| Risk-weighted assets | 370,059,000 | 408,575,000 | 413,608,000 | 396,493,000 |