Call reports 2010
BANK OF MICHIGAN — 2010
What BANK OF MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 110,994,000 | 98,281,000 | 86,598,000 | 81,873,000 |
| Total loans | 62,531,000 | 61,842,000 | 62,432,000 | 65,105,000 |
| Allowance for loan losses | 1,068,000 | 1,214,000 | 1,308,000 | 1,368,000 |
| Securities available for sale | 0 | 1,505,000 | 1,002,000 | 1,001,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,788,000 | 91,132,000 | 79,511,000 | 74,736,000 |
| Interest-bearing deposits | 95,031,000 | 83,496,000 | 71,547,000 | 65,903,000 |
| Noninterest-bearing deposits | 8,757,000 | 7,636,000 | 7,964,000 | 8,833,000 |
| Equity capital | 7,043,000 | 6,934,000 | 6,885,000 | 6,952,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 973,000 | 1,911,000 | 2,888,000 | 3,908,000 |
| Interest expense | 284,000 | 528,000 | 746,000 | 951,000 |
| Net interest income | 689,000 | 1,383,000 | 2,142,000 | 2,957,000 |
| Noninterest income | 150,000 | 278,000 | 438,000 | 710,000 |
| Noninterest expense | 653,000 | 1,243,000 | 1,922,000 | 2,602,000 |
| Provision for loan losses | 450,000 | 851,000 | 1,160,000 | 1,461,000 |
| Pretax income | -264,000 | -433,000 | -502,000 | -396,000 |
| Income tax | -89,000 | -145,000 | -167,000 | -129,000 |
| Net income | -175,000 | -288,000 | -335,000 | -267,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,850,000 | 6,605,000 | 6,538,000 | 6,516,000 |
| Total capital | 7,638,000 | 7,385,000 | 7,307,000 | 7,312,000 |
| Risk-weighted assets | 62,742,000 | 61,927,000 | 60,960,000 | 63,103,000 |