Call reports 2015
BANK OF MICHIGAN — 2015
What BANK OF MICHIGAN reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 112,806,000 | 108,289,000 | 111,501,000 | 110,938,000 |
| Total loans | 86,811,000 | 88,073,000 | 92,822,000 | 94,584,000 |
| Allowance for loan losses | 1,242,000 | 1,243,000 | 1,029,000 | 1,031,000 |
| Securities available for sale | 5,296,000 | 7,013,000 | 6,213,000 | 5,390,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,986,000 | 93,413,000 | 95,762,000 | 86,662,000 |
| Interest-bearing deposits | 65,562,000 | 58,838,000 | 59,428,000 | 57,899,000 |
| Noninterest-bearing deposits | 36,424,000 | 34,575,000 | 36,334,000 | 28,763,000 |
| Equity capital | 10,601,000 | 10,730,000 | 11,104,000 | 11,500,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,178,000 | 2,419,000 | 3,673,000 | 5,011,000 |
| Interest expense | 102,000 | 205,000 | 298,000 | 396,000 |
| Net interest income | 1,076,000 | 2,214,000 | 3,375,000 | 4,615,000 |
| Noninterest income | 712,000 | 1,188,000 | 1,580,000 | 2,316,000 |
| Noninterest expense | 1,277,000 | 2,657,000 | 3,690,000 | 5,026,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 511,000 | 745,000 | 1,265,000 | 1,906,000 |
| Income tax | 180,000 | 261,000 | 442,000 | 667,000 |
| Net income | 331,000 | 484,000 | 823,000 | 1,239,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,572,000 | 10,742,000 | 11,099,000 | 11,535,000 |
| Total capital | 11,657,000 | 11,874,000 | 12,128,000 | 12,566,000 |
| Risk-weighted assets | 86,675,000 | 90,489,000 | 92,935,000 | 95,954,000 |