Call reports 2021
FIRST BANK, UPPER MICHIGAN — 2021
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 559,803,000 | 575,000,000 | 586,928,000 | 596,789,000 |
| Total loans | 367,284,000 | 361,026,000 | 359,107,000 | 359,687,000 |
| Allowance for loan losses | 5,009,000 | 5,230,000 | 5,308,000 | 5,401,000 |
| Securities available for sale | 82,882,000 | 99,034,000 | 111,537,000 | 121,575,000 |
| Securities held to maturity | 725,000 | 621,000 | 621,000 | 621,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 470,321,000 | 485,954,000 | 496,140,000 | 505,200,000 |
| Interest-bearing deposits | 346,764,000 | 353,927,000 | 364,638,000 | 367,396,000 |
| Noninterest-bearing deposits | 123,557,000 | 132,027,000 | 131,502,000 | 137,804,000 |
| Equity capital | 68,237,000 | 67,858,000 | 68,370,000 | 70,496,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 4,593,000 | 9,330,000 | 14,760,000 | 19,734,000 |
| Interest expense | 477,000 | 937,000 | 1,376,000 | 1,784,000 |
| Net interest income | 4,116,000 | 8,393,000 | 13,384,000 | 17,950,000 |
| Noninterest income | 2,200,000 | 4,595,000 | 6,710,000 | 8,981,000 |
| Noninterest expense | 3,929,000 | 7,841,000 | 11,657,000 | 15,569,000 |
| Provision for loan losses | 150,000 | 450,000 | 600,000 | 800,000 |
| Pretax income | 2,237,000 | 4,697,000 | 7,837,000 | 10,562,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,237,000 | 4,697,000 | 7,837,000 | 10,562,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,848,000 | 54,179,000 | 55,307,000 | 58,139,000 |
| Total capital | 59,857,000 | 59,098,000 | 60,382,000 | 63,323,000 |
| Risk-weighted assets | 412,817,000 | 393,196,000 | 405,833,000 | 414,474,000 |