Call reports 2006
BANK OF MICHIGAN — 2006
What BANK OF MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 36,344,000 | 39,082,000 | 42,274,000 | 51,287,000 |
| Total loans | 32,473,000 | 35,532,000 | 37,712,000 | 44,630,000 |
| Allowance for loan losses | 487,000 | 532,000 | 566,000 | 669,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,282,000 | 31,854,000 | 35,157,000 | 44,283,000 |
| Interest-bearing deposits | 27,817,000 | 29,864,000 | 31,550,000 | 40,050,000 |
| Noninterest-bearing deposits | 1,465,000 | 1,990,000 | 3,607,000 | 4,233,000 |
| Equity capital | 6,834,000 | 6,757,000 | 6,706,000 | 6,640,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 623,000 | 1,332,000 | 2,111,000 | 2,999,000 |
| Interest expense | 273,000 | 592,000 | 978,000 | 1,423,000 |
| Net interest income | 350,000 | 740,000 | 1,133,000 | 1,576,000 |
| Noninterest income | 20,000 | 33,000 | 49,000 | 75,000 |
| Noninterest expense | 529,000 | 1,002,000 | 1,454,000 | 1,919,000 |
| Provision for loan losses | 66,000 | 111,000 | 145,000 | 248,000 |
| Pretax income | -225,000 | -340,000 | -417,000 | -516,000 |
| Income tax | -76,000 | -114,000 | -140,000 | -173,000 |
| Net income | -149,000 | -226,000 | -277,000 | -343,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,237,000 | 6,122,000 | 6,045,000 | 5,946,000 |
| Total capital | 6,675,000 | 6,595,000 | 6,543,000 | 6,534,000 |
| Risk-weighted assets | 35,019,000 | 37,754,000 | 39,807,000 | 46,979,000 |
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