Call reports 2018
FIRST FEDERAL OF NORTHERN MICHIGAN — 2018
What FIRST FEDERAL OF NORTHERN MICHIGAN reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 |
|---|---|
| Total assets | 309,566,000 |
| Total loans | 190,356,000 |
| Allowance for loan losses | 1,734,000 |
| Securities available for sale | 95,137,000 |
| Securities held to maturity | 650,000 |
| Trading assets | 0 |
| Total deposits | 263,760,000 |
| Interest-bearing deposits | 205,532,000 |
| Noninterest-bearing deposits | 58,228,000 |
| Equity capital | 29,742,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 |
|---|---|
| Interest income | 2,828,000 |
| Interest expense | 286,000 |
| Net interest income | 2,542,000 |
| Noninterest income | 554,000 |
| Noninterest expense | 2,659,000 |
| Provision for loan losses | -84,000 |
| Pretax income | 521,000 |
| Income tax | 108,000 |
| Net income | 413,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 |
|---|---|
| Tier 1 capital | 30,558,000 |
| Total capital | 32,292,000 |
| Risk-weighted assets | 192,401,000 |