Call reports 2006
FIRST NATIONAL BANK OF MICHIGAN — 2006
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|
| Total assets | 26,130,000 | 32,257,000 | 32,788,000 |
| Total loans | 3,257,000 | 12,265,000 | 17,292,000 |
| Allowance for loan losses | 49,000 | 186,000 | 261,000 |
| Securities available for sale | 6,001,000 | 10,543,000 | 11,163,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 9,736,000 | 16,028,000 | 16,010,000 |
| Interest-bearing deposits | 8,494,000 | 13,115,000 | 12,307,000 |
| Noninterest-bearing deposits | 1,242,000 | 2,913,000 | 3,703,000 |
| Equity capital | 16,381,000 | 16,162,000 | 16,726,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|
| Interest income | 250,000 | 688,000 | 1,189,000 |
| Interest expense | 44,000 | 155,000 | 289,000 |
| Net interest income | 206,000 | 533,000 | 900,000 |
| Noninterest income | 0 | 8,000 | 40,000 |
| Noninterest expense | 775,000 | 1,217,000 | 1,689,000 |
| Provision for loan losses | 49,000 | 186,000 | 261,000 |
| Pretax income | -618,000 | -862,000 | -1,010,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -618,000 | -862,000 | -1,010,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|
| Tier 1 capital | 16,382,000 | 16,138,000 | 16,716,000 |
| Total capital | 16,431,000 | 16,324,000 | 16,977,000 |
| Risk-weighted assets | 8,942,000 | 18,556,000 | 22,724,000 |