Call reports 2025
FIRST BANK, UPPER MICHIGAN — 2025
What FIRST BANK, UPPER MICHIGAN reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 614,303,000 | 619,091,000 | 642,848,000 | 632,867,000 |
| Total loans | 428,250,000 | 438,561,000 | 443,273,000 | 445,830,000 |
| Allowance for loan losses | 4,984,000 | 5,088,000 | 5,231,000 | 5,015,000 |
| Securities available for sale | 116,701,000 | 112,226,000 | 109,693,000 | 110,339,000 |
| Securities held to maturity | 311,000 | 207,000 | 207,000 | 207,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 514,737,000 | 517,777,000 | 538,440,000 | 524,445,000 |
| Interest-bearing deposits | 404,561,000 | 405,102,000 | 433,309,000 | 425,906,000 |
| Noninterest-bearing deposits | 110,176,000 | 112,675,000 | 105,131,000 | 98,539,000 |
| Equity capital | 73,670,000 | 74,757,000 | 77,699,000 | 81,958,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 7,886,000 | 15,965,000 | 24,404,000 | 33,059,000 |
| Interest expense | 2,266,000 | 4,536,000 | 6,911,000 | 9,331,000 |
| Net interest income | 5,620,000 | 11,429,000 | 17,493,000 | 23,728,000 |
| Noninterest income | 1,683,000 | 3,489,000 | 5,379,000 | 7,351,000 |
| Noninterest expense | 4,569,000 | 9,284,000 | 13,965,000 | 18,690,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 2,574,000 | 5,345,000 | 8,463,000 | 11,794,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,574,000 | 5,345,000 | 8,463,000 | 11,794,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,281,000 | 72,357,000 | 73,997,000 | 77,433,000 |
| Total capital | 77,400,000 | 77,559,000 | 79,346,000 | 82,568,000 |
| Risk-weighted assets | 476,298,000 | 483,121,000 | 489,865,000 | 491,458,000 |