Call reports 2016
FIRST FEDERAL OF NORTHERN MICHIGAN — 2016
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 330,191,000 | 333,211,000 | 329,223,000 | 344,167,000 |
| Total loans | 168,070,000 | 171,532,000 | 174,075,000 | 183,172,000 |
| Allowance for loan losses | 1,600,000 | 1,420,000 | 1,686,000 | 1,685,000 |
| Securities available for sale | 123,328,000 | 116,043,000 | 122,543,000 | 128,134,000 |
| Securities held to maturity | 745,000 | 700,000 | 700,000 | 700,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 271,594,000 | 274,453,000 | 273,618,000 | 296,145,000 |
| Interest-bearing deposits | 210,891,000 | 210,688,000 | 206,484,000 | 233,009,000 |
| Noninterest-bearing deposits | 60,703,000 | 63,765,000 | 67,134,000 | 63,136,000 |
| Equity capital | 33,161,000 | 33,832,000 | 31,364,000 | 29,678,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,684,000 | 5,302,000 | 8,008,000 | 10,761,000 |
| Interest expense | 331,000 | 657,000 | 986,000 | 1,311,000 |
| Net interest income | 2,353,000 | 4,645,000 | 7,022,000 | 9,450,000 |
| Noninterest income | 478,000 | 860,000 | 1,233,000 | 1,669,000 |
| Noninterest expense | 2,472,000 | 4,892,000 | 7,366,000 | 9,691,000 |
| Provision for loan losses | 32,000 | 57,000 | 92,000 | 95,000 |
| Pretax income | 328,000 | 562,000 | 897,000 | 1,467,000 |
| Income tax | 114,000 | 205,000 | 326,000 | 518,000 |
| Net income | 214,000 | 357,000 | 571,000 | 949,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,019,000 | 30,311,000 | 28,047,000 | 28,353,000 |
| Total capital | 31,621,000 | 31,733,000 | 29,735,000 | 30,047,000 |
| Risk-weighted assets | 172,619,000 | 175,339,000 | 182,343,000 | 192,707,000 |