Call reports 2014
BANK OF MICHIGAN — 2014
What BANK OF MICHIGAN reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 106,684,000 | 113,723,000 | 105,861,000 | 105,372,000 |
| Total loans | 75,306,000 | 78,804,000 | 78,129,000 | 84,427,000 |
| Allowance for loan losses | 1,363,000 | 1,315,000 | 1,293,000 | 1,238,000 |
| Securities available for sale | 4,622,000 | 4,468,000 | 7,603,000 | 6,440,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,421,000 | 104,137,000 | 94,508,000 | 91,587,000 |
| Interest-bearing deposits | 69,479,000 | 68,974,000 | 62,365,000 | 61,036,000 |
| Noninterest-bearing deposits | 27,942,000 | 35,163,000 | 32,143,000 | 30,551,000 |
| Equity capital | 9,217,000 | 9,492,000 | 9,783,000 | 10,225,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,130,000 | 2,263,000 | 3,442,000 | 4,627,000 |
| Interest expense | 130,000 | 258,000 | 369,000 | 469,000 |
| Net interest income | 1,000,000 | 2,005,000 | 3,073,000 | 4,158,000 |
| Noninterest income | 369,000 | 866,000 | 1,380,000 | 2,055,000 |
| Noninterest expense | 1,015,000 | 2,150,000 | 3,290,000 | 4,430,000 |
| Provision for loan losses | -80,000 | -80,000 | -80,000 | -80,000 |
| Pretax income | 434,000 | 801,000 | 1,243,000 | 1,863,000 |
| Income tax | 152,000 | 279,000 | 432,000 | 647,000 |
| Net income | 282,000 | 522,000 | 811,000 | 1,216,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,228,000 | 9,488,000 | 9,800,000 | 10,225,000 |
| Total capital | 10,151,000 | 10,448,000 | 10,771,000 | 11,278,000 |
| Risk-weighted assets | 73,342,000 | 76,477,000 | 77,386,000 | 84,054,000 |
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