Call reports 2007
BANK OF MICHIGAN — 2007
What BANK OF MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 58,592,000 | 63,844,000 | 67,822,000 | 69,891,000 |
| Total loans | 53,170,000 | 57,613,000 | 60,242,000 | 63,448,000 |
| Allowance for loan losses | 798,000 | 864,000 | 904,000 | 952,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,699,000 | 56,873,000 | 60,775,000 | 62,833,000 |
| Interest-bearing deposits | 48,121,000 | 50,174,000 | 55,113,000 | 56,097,000 |
| Noninterest-bearing deposits | 3,578,000 | 6,699,000 | 5,662,000 | 6,736,000 |
| Equity capital | 6,520,000 | 6,546,000 | 6,602,000 | 6,503,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,045,000 | 2,220,000 | 3,420,000 | 4,659,000 |
| Interest expense | 543,000 | 1,178,000 | 1,835,000 | 2,515,000 |
| Net interest income | 502,000 | 1,042,000 | 1,585,000 | 2,144,000 |
| Noninterest income | 35,000 | 107,000 | 183,000 | 286,000 |
| Noninterest expense | 587,000 | 1,094,000 | 1,586,000 | 2,091,000 |
| Provision for loan losses | 129,000 | 195,000 | 235,000 | 540,000 |
| Pretax income | -179,000 | -140,000 | -53,000 | -201,000 |
| Income tax | -59,000 | -46,000 | -15,000 | -64,000 |
| Net income | -120,000 | -94,000 | -38,000 | -137,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,767,000 | 5,806,000 | 5,893,000 | 5,745,000 |
| Total capital | 6,461,000 | 6,558,000 | 6,681,000 | 6,569,000 |
| Risk-weighted assets | 55,407,000 | 60,081,000 | 62,945,000 | 65,795,000 |