Call reports 2011
BANK OF MICHIGAN — 2011
What BANK OF MICHIGAN reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 79,917,000 | 81,890,000 | 83,396,000 | 85,685,000 |
| Total loans | 63,840,000 | 62,503,000 | 63,941,000 | 65,398,000 |
| Allowance for loan losses | 1,501,000 | 1,424,000 | 1,400,000 | 1,505,000 |
| Securities available for sale | 1,000,000 | 0 | 1,495,000 | 3,247,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,758,000 | 74,440,000 | 76,040,000 | 78,178,000 |
| Interest-bearing deposits | 62,600,000 | 60,561,000 | 63,617,000 | 64,060,000 |
| Noninterest-bearing deposits | 10,158,000 | 13,879,000 | 12,423,000 | 14,118,000 |
| Equity capital | 6,988,000 | 7,171,000 | 7,209,000 | 7,376,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 958,000 | 1,931,000 | 2,891,000 | 3,906,000 |
| Interest expense | 199,000 | 390,000 | 592,000 | 784,000 |
| Net interest income | 759,000 | 1,541,000 | 2,299,000 | 3,122,000 |
| Noninterest income | 265,000 | 564,000 | 842,000 | 1,096,000 |
| Noninterest expense | 699,000 | 1,450,000 | 2,211,000 | 2,935,000 |
| Provision for loan losses | 268,000 | 319,000 | 531,000 | 662,000 |
| Pretax income | 57,000 | 336,000 | 399,000 | 621,000 |
| Income tax | 20,000 | 116,000 | 138,000 | 195,000 |
| Net income | 37,000 | 220,000 | 261,000 | 426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,744,000 | 6,903,000 | 6,968,000 | 7,378,000 |
| Total capital | 7,538,000 | 7,684,000 | 7,764,000 | 8,202,000 |
| Risk-weighted assets | 62,836,000 | 61,826,000 | 63,052,000 | 65,211,000 |