Call reports 2012
BANK OF MICHIGAN — 2012
What BANK OF MICHIGAN reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 87,431,000 | 89,908,000 | 85,168,000 | 92,594,000 |
| Total loans | 68,266,000 | 71,866,000 | 74,475,000 | 80,534,000 |
| Allowance for loan losses | 1,900,000 | 1,953,000 | 1,961,000 | 1,939,000 |
| Securities available for sale | 3,247,000 | 1,623,000 | 1,124,000 | 624,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,024,000 | 82,457,000 | 77,338,000 | 84,599,000 |
| Interest-bearing deposits | 65,317,000 | 64,286,000 | 59,803,000 | 63,863,000 |
| Noninterest-bearing deposits | 14,707,000 | 18,171,000 | 17,535,000 | 20,736,000 |
| Equity capital | 7,232,000 | 7,374,000 | 7,731,000 | 7,903,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 1,026,000 | 2,090,000 | 3,207,000 | 4,357,000 |
| Interest expense | 187,000 | 364,000 | 523,000 | 668,000 |
| Net interest income | 839,000 | 1,726,000 | 2,684,000 | 3,689,000 |
| Noninterest income | 159,000 | 484,000 | 835,000 | 1,221,000 |
| Noninterest expense | 766,000 | 1,647,000 | 2,579,000 | 3,543,000 |
| Provision for loan losses | 449,000 | 566,000 | 612,000 | 777,000 |
| Pretax income | -217,000 | -3,000 | 328,000 | 590,000 |
| Income tax | -72,000 | 2,000 | 116,000 | 207,000 |
| Net income | -145,000 | -5,000 | 212,000 | 383,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,233,000 | 7,373,000 | 7,729,000 | 7,901,000 |
| Total capital | 8,100,000 | 8,270,000 | 8,653,000 | 8,896,000 |
| Risk-weighted assets | 68,305,000 | 70,684,000 | 72,873,000 | 78,621,000 |