Call reports 2012
FIRST FEDERAL OF NORTHERN MICHIGAN — 2012
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 215,803,000 | 217,338,000 | 214,604,000 | 213,599,000 |
| Total loans | 141,189,000 | 144,529,000 | 141,138,000 | 140,778,000 |
| Allowance for loan losses | 1,663,000 | 1,773,000 | 1,684,000 | 1,750,000 |
| Securities available for sale | 52,850,000 | 52,274,000 | 52,484,000 | 50,764,000 |
| Securities held to maturity | 2,435,000 | 2,395,000 | 2,395,000 | 2,345,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,003,000 | 155,982,000 | 160,117,000 | 159,546,000 |
| Interest-bearing deposits | 137,901,000 | 137,665,000 | 139,933,000 | 137,662,000 |
| Noninterest-bearing deposits | 14,102,000 | 18,317,000 | 20,184,000 | 21,884,000 |
| Equity capital | 24,343,000 | 23,831,000 | 24,083,000 | 23,304,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 2,433,000 | 4,813,000 | 7,144,000 | 9,343,000 |
| Interest expense | 466,000 | 894,000 | 1,297,000 | 1,667,000 |
| Net interest income | 1,967,000 | 3,919,000 | 5,847,000 | 7,676,000 |
| Noninterest income | 340,000 | 679,000 | 1,411,000 | 2,198,000 |
| Noninterest expense | 2,161,000 | 4,203,000 | 6,222,000 | 8,547,000 |
| Provision for loan losses | 376,000 | 955,000 | 1,188,000 | 1,367,000 |
| Pretax income | -230,000 | -560,000 | -105,000 | 7,000 |
| Income tax | -883,000 | -990,000 | -835,000 | 16,000 |
| Net income | 653,000 | 430,000 | 730,000 | -9,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,266,000 | 21,586,000 | 22,116,000 | 22,015,000 |
| Total capital | 23,929,000 | 23,341,000 | 23,800,000 | 23,723,000 |
| Risk-weighted assets | 134,818,000 | 140,365,000 | 136,761,000 | 136,630,000 |