Call reports 2013
BANK OF MICHIGAN — 2013
What BANK OF MICHIGAN reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 91,707,000 | 96,827,000 | 97,671,000 | 100,327,000 |
| Total loans | 80,542,000 | 77,405,000 | 78,756,000 | 78,666,000 |
| Allowance for loan losses | 1,991,000 | 1,895,000 | 1,442,000 | 1,418,000 |
| Securities available for sale | 624,000 | 3,171,000 | 3,167,000 | 3,161,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,316,000 | 88,188,000 | 88,826,000 | 91,318,000 |
| Interest-bearing deposits | 61,487,000 | 64,976,000 | 63,897,000 | 62,588,000 |
| Noninterest-bearing deposits | 21,829,000 | 23,212,000 | 24,929,000 | 28,730,000 |
| Equity capital | 8,161,000 | 8,357,000 | 8,606,000 | 8,928,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,186,000 | 2,365,000 | 3,518,000 | 4,688,000 |
| Interest expense | 139,000 | 263,000 | 393,000 | 520,000 |
| Net interest income | 1,047,000 | 2,102,000 | 3,125,000 | 4,168,000 |
| Noninterest income | 536,000 | 886,000 | 1,256,000 | 1,763,000 |
| Noninterest expense | 1,014,000 | 2,016,000 | 3,035,000 | 4,093,000 |
| Provision for loan losses | 178,000 | 285,000 | 284,000 | 285,000 |
| Pretax income | 391,000 | 687,000 | 1,062,000 | 1,553,000 |
| Income tax | 133,000 | 234,000 | 361,000 | 529,000 |
| Net income | 258,000 | 453,000 | 701,000 | 1,024,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,159,000 | 8,354,000 | 8,603,000 | 8,926,000 |
| Total capital | 9,162,000 | 9,316,000 | 9,586,000 | 9,875,000 |
| Risk-weighted assets | 78,978,000 | 76,043,000 | 78,200,000 | 75,434,000 |