Call reports 2013
FIRST FEDERAL OF NORTHERN MICHIGAN — 2013
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 212,538,000 | 214,485,000 | 213,809,000 | 209,377,000 |
| Total loans | 139,407,000 | 141,406,000 | 141,067,000 | 138,001,000 |
| Allowance for loan losses | 1,675,000 | 1,691,000 | 1,793,000 | 1,472,000 |
| Securities available for sale | 51,903,000 | 48,393,000 | 50,281,000 | 50,358,000 |
| Securities held to maturity | 2,345,000 | 2,305,000 | 2,305,000 | 2,255,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 159,421,000 | 162,713,000 | 159,186,000 | 160,750,000 |
| Interest-bearing deposits | 139,703,000 | 141,574,000 | 135,909,000 | 139,193,000 |
| Noninterest-bearing deposits | 19,718,000 | 21,139,000 | 23,277,000 | 21,557,000 |
| Equity capital | 23,319,000 | 22,963,000 | 22,905,000 | 22,701,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,114,000 | 4,232,000 | 6,327,000 | 8,428,000 |
| Interest expense | 322,000 | 608,000 | 885,000 | 1,154,000 |
| Net interest income | 1,792,000 | 3,624,000 | 5,442,000 | 7,274,000 |
| Noninterest income | 437,000 | 826,000 | 1,268,000 | 1,639,000 |
| Noninterest expense | 1,967,000 | 3,871,000 | 5,867,000 | 7,912,000 |
| Provision for loan losses | 144,000 | 340,000 | 371,000 | 637,000 |
| Pretax income | 118,000 | 239,000 | 472,000 | 364,000 |
| Income tax | 4,000 | 22,000 | 40,000 | 60,000 |
| Net income | 114,000 | 217,000 | 432,000 | 304,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,219,000 | 22,343,000 | 22,583,000 | 22,559,000 |
| Total capital | 23,894,000 | 24,034,000 | 24,294,000 | 24,033,000 |
| Risk-weighted assets | 135,301,000 | 137,079,000 | 136,857,000 | 134,355,000 |