Call reports 2008
BANK OF MICHIGAN — 2008
What BANK OF MICHIGAN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 66,992,000 | 70,012,000 | 73,300,000 | 78,761,000 |
| Total loans | 64,488,000 | 65,135,000 | 66,725,000 | 68,117,000 |
| Allowance for loan losses | 952,000 | 980,000 | 988,000 | 996,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,985,000 | 62,972,000 | 66,087,000 | 71,418,000 |
| Interest-bearing deposits | 53,772,000 | 56,364,000 | 60,140,000 | 64,537,000 |
| Noninterest-bearing deposits | 6,213,000 | 6,608,000 | 5,947,000 | 6,881,000 |
| Equity capital | 6,647,000 | 6,791,000 | 6,950,000 | 7,066,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,164,000 | 2,263,000 | 3,384,000 | 4,475,000 |
| Interest expense | 631,000 | 1,126,000 | 1,632,000 | 2,138,000 |
| Net interest income | 533,000 | 1,137,000 | 1,752,000 | 2,337,000 |
| Noninterest income | 130,000 | 214,000 | 323,000 | 426,000 |
| Noninterest expense | 474,000 | 907,000 | 1,381,000 | 1,884,000 |
| Provision for loan losses | 0 | 35,000 | 43,000 | 51,000 |
| Pretax income | 189,000 | 409,000 | 651,000 | 828,000 |
| Income tax | 65,000 | 141,000 | 224,000 | 285,000 |
| Net income | 124,000 | 268,000 | 427,000 | 543,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,954,000 | 6,513,000 | 6,707,000 | 6,779,000 |
| Total capital | 6,780,000 | 7,347,000 | 7,555,000 | 7,649,000 |
| Risk-weighted assets | 65,932,000 | 66,551,000 | 67,721,000 | 69,456,000 |