Call reports 2009
BANK OF MICHIGAN — 2009
What BANK OF MICHIGAN reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 85,204,000 | 82,439,000 | 107,390,000 | 99,396,000 |
| Total loans | 67,677,000 | 66,582,000 | 66,123,000 | 64,843,000 |
| Allowance for loan losses | 1,000,000 | 1,025,000 | 1,191,000 | 1,172,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,021,000 | 75,113,000 | 100,602,000 | 91,984,000 |
| Interest-bearing deposits | 69,162,000 | 61,941,000 | 90,135,000 | 83,327,000 |
| Noninterest-bearing deposits | 8,859,000 | 13,172,000 | 10,467,000 | 8,657,000 |
| Equity capital | 6,997,000 | 7,085,000 | 6,562,000 | 7,218,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,034,000 | 2,092,000 | 3,148,000 | 4,219,000 |
| Interest expense | 455,000 | 823,000 | 1,172,000 | 1,467,000 |
| Net interest income | 579,000 | 1,269,000 | 1,976,000 | 2,752,000 |
| Noninterest income | 123,000 | 209,000 | 365,000 | 599,000 |
| Noninterest expense | 627,000 | 1,236,000 | 1,798,000 | 2,399,000 |
| Provision for loan losses | 179,000 | 212,000 | 574,000 | 722,000 |
| Pretax income | -104,000 | 30,000 | -31,000 | 230,000 |
| Income tax | -35,000 | 11,000 | 473,000 | 78,000 |
| Net income | -69,000 | 19,000 | -504,000 | 152,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,997,000 | 7,085,000 | 6,562,000 | 7,218,000 |
| Total capital | 7,850,000 | 7,915,000 | 7,390,000 | 8,029,000 |
| Risk-weighted assets | 68,098,000 | 66,231,000 | 65,908,000 | 64,522,000 |
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