Call reports 2017
FIRST FEDERAL OF NORTHERN MICHIGAN — 2017
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 345,088,000 | 341,048,000 | 335,120,000 | 320,203,000 |
| Total loans | 185,598,000 | 189,696,000 | 189,785,000 | 193,809,000 |
| Allowance for loan losses | 1,782,000 | 1,845,000 | 1,802,000 | 1,833,000 |
| Securities available for sale | 127,909,000 | 118,696,000 | 113,587,000 | 98,839,000 |
| Securities held to maturity | 700,000 | 650,000 | 650,000 | 650,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 296,893,000 | 286,462,000 | 284,812,000 | 272,170,000 |
| Interest-bearing deposits | 234,819,000 | 221,942,000 | 215,340,000 | 212,186,000 |
| Noninterest-bearing deposits | 62,074,000 | 64,520,000 | 69,472,000 | 59,984,000 |
| Equity capital | 30,324,000 | 31,293,000 | 31,563,000 | 30,286,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,824,000 | 5,688,000 | 8,569,000 | 11,671,000 |
| Interest expense | 307,000 | 619,000 | 926,000 | 1,241,000 |
| Net interest income | 2,517,000 | 5,069,000 | 7,643,000 | 10,430,000 |
| Noninterest income | 351,000 | 813,000 | 1,250,000 | 1,651,000 |
| Noninterest expense | 2,358,000 | 4,782,000 | 7,237,000 | 9,664,000 |
| Provision for loan losses | 87,000 | 134,000 | 150,000 | 155,000 |
| Pretax income | 441,000 | 999,000 | 1,541,000 | 2,298,000 |
| Income tax | 156,000 | 343,000 | 523,000 | 1,826,000 |
| Net income | 285,000 | 656,000 | 1,018,000 | 472,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,096,000 | 28,859,000 | 29,420,000 | 30,187,000 |
| Total capital | 29,885,000 | 30,706,000 | 31,224,000 | 32,022,000 |
| Risk-weighted assets | 196,235,000 | 195,336,000 | 193,287,000 | 194,082,000 |