Call reports 2015
FIRST FEDERAL OF NORTHERN MICHIGAN — 2015
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 338,620,000 | 325,727,000 | 338,552,000 | 335,740,000 |
| Total loans | 164,034,000 | 167,262,000 | 169,766,000 | 170,167,000 |
| Allowance for loan losses | 1,444,000 | 1,488,000 | 1,514,000 | 1,559,000 |
| Securities available for sale | 126,304,000 | 125,584,000 | 130,923,000 | 128,418,000 |
| Securities held to maturity | 790,000 | 745,000 | 745,000 | 745,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 286,265,000 | 270,838,000 | 280,434,000 | 269,433,000 |
| Interest-bearing deposits | 228,741,000 | 210,262,000 | 207,121,000 | 207,161,000 |
| Noninterest-bearing deposits | 57,524,000 | 60,576,000 | 73,313,000 | 62,272,000 |
| Equity capital | 30,492,000 | 30,562,000 | 31,971,000 | 32,398,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,651,000 | 5,333,000 | 8,022,000 | 10,751,000 |
| Interest expense | 316,000 | 634,000 | 964,000 | 1,295,000 |
| Net interest income | 2,335,000 | 4,699,000 | 7,058,000 | 9,456,000 |
| Noninterest income | 502,000 | 982,000 | 1,220,000 | 1,876,000 |
| Noninterest expense | 2,394,000 | 4,807,000 | 7,124,000 | 9,821,000 |
| Provision for loan losses | 23,000 | -22,000 | -26,000 | -535,000 |
| Pretax income | 420,000 | 897,000 | 1,184,000 | 2,050,000 |
| Income tax | 4,000 | 13,000 | -1,627,000 | -1,617,000 |
| Net income | 416,000 | 884,000 | 2,811,000 | 3,667,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,226,000 | 29,719,000 | 29,124,000 | 30,004,000 |
| Total capital | 30,672,000 | 31,208,000 | 30,639,000 | 31,564,000 |
| Risk-weighted assets | 171,861,000 | 174,349,000 | 177,154,000 | 176,534,000 |