Call reports 2022
FIRST BANK, UPPER MICHIGAN — 2022
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 592,044,000 | 589,573,000 | 587,396,000 | 572,592,000 |
| Total loans | 364,060,000 | 364,831,000 | 380,291,000 | 385,358,000 |
| Allowance for loan losses | 5,516,000 | 5,543,000 | 5,647,000 | 5,572,000 |
| Securities available for sale | 128,459,000 | 133,094,000 | 133,414,000 | 134,888,000 |
| Securities held to maturity | 621,000 | 518,000 | 518,000 | 518,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 508,601,000 | 510,631,000 | 513,410,000 | 493,289,000 |
| Interest-bearing deposits | 372,162,000 | 370,560,000 | 363,418,000 | 359,251,000 |
| Noninterest-bearing deposits | 136,439,000 | 140,071,000 | 149,992,000 | 134,038,000 |
| Equity capital | 62,457,000 | 57,973,000 | 53,029,000 | 58,525,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 4,773,000 | 9,800,000 | 15,348,000 | 21,697,000 |
| Interest expense | 373,000 | 736,000 | 1,118,000 | 1,693,000 |
| Net interest income | 4,400,000 | 9,064,000 | 14,230,000 | 20,004,000 |
| Noninterest income | 1,786,000 | 3,478,000 | 5,162,000 | 6,734,000 |
| Noninterest expense | 4,020,000 | 8,149,000 | 12,336,000 | 16,416,000 |
| Provision for loan losses | 150,000 | 300,000 | 500,000 | 72,000 |
| Pretax income | 2,016,000 | 4,093,000 | 6,556,000 | 10,250,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,016,000 | 4,093,000 | 6,556,000 | 10,250,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,578,000 | 57,531,000 | 58,837,000 | 62,637,000 |
| Total capital | 62,744,000 | 62,845,000 | 64,295,000 | 68,106,000 |
| Risk-weighted assets | 412,934,000 | 424,916,000 | 436,463,000 | 437,390,000 |