Call reports 2014
FIRST FEDERAL OF NORTHERN MICHIGAN — 2014
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 214,936,000 | 219,466,000 | 311,639,000 | 325,386,000 |
| Total loans | 137,039,000 | 136,953,000 | 166,101,000 | 165,229,000 |
| Allowance for loan losses | 1,458,000 | 1,487,000 | 1,464,000 | 1,429,000 |
| Securities available for sale | 56,442,000 | 61,466,000 | 112,036,000 | 119,968,000 |
| Securities held to maturity | 2,255,000 | 2,215,000 | 2,215,000 | 790,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,442,000 | 169,653,000 | 259,485,000 | 271,509,000 |
| Interest-bearing deposits | 144,356,000 | 144,766,000 | 186,967,000 | 214,996,000 |
| Noninterest-bearing deposits | 22,086,000 | 24,887,000 | 72,518,000 | 56,513,000 |
| Equity capital | 23,247,000 | 23,591,000 | 29,021,000 | 29,730,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,072,000 | 4,120,000 | 6,531,000 | 9,208,000 |
| Interest expense | 250,000 | 509,000 | 793,000 | 1,108,000 |
| Net interest income | 1,822,000 | 3,611,000 | 5,738,000 | 8,100,000 |
| Noninterest income | 332,000 | 634,000 | 2,853,000 | 3,330,000 |
| Noninterest expense | 1,853,000 | 3,761,000 | 6,178,000 | 8,609,000 |
| Provision for loan losses | 16,000 | 16,000 | 273,000 | 284,000 |
| Pretax income | 285,000 | 468,000 | 2,141,000 | 2,533,000 |
| Income tax | 12,000 | 12,000 | 13,000 | 13,000 |
| Net income | 273,000 | 456,000 | 2,128,000 | 2,520,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,773,000 | 22,966,000 | 27,207,000 | 27,662,000 |
| Total capital | 24,234,000 | 24,456,000 | 28,673,000 | 29,092,000 |
| Risk-weighted assets | 133,574,000 | 134,043,000 | 171,852,000 | 172,228,000 |