Call reports 2007
FIRST NATIONAL BANK OF MICHIGAN — 2007
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 42,645,000 | 55,857,000 | 53,634,000 | 63,250,000 |
| Total loans | 29,849,000 | 37,137,000 | 41,347,000 | 52,763,000 |
| Allowance for loan losses | 447,000 | 555,000 | 626,000 | 659,000 |
| Securities available for sale | 9,614,000 | 11,034,000 | 9,316,000 | 7,850,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,104,000 | 39,397,000 | 37,109,000 | 43,121,000 |
| Interest-bearing deposits | 22,406,000 | 30,404,000 | 30,431,000 | 34,351,000 |
| Noninterest-bearing deposits | 3,698,000 | 8,993,000 | 6,678,000 | 8,770,000 |
| Equity capital | 16,476,000 | 16,317,000 | 16,326,000 | 16,790,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 646,000 | 1,474,000 | 2,389,000 | 3,534,000 |
| Interest expense | 210,000 | 521,000 | 867,000 | 1,279,000 |
| Net interest income | 436,000 | 953,000 | 1,522,000 | 2,255,000 |
| Noninterest income | 14,000 | 46,000 | 84,000 | 126,000 |
| Noninterest expense | 544,000 | 1,125,000 | 1,726,000 | 2,361,000 |
| Provision for loan losses | 186,000 | 294,000 | 365,000 | 398,000 |
| Pretax income | -280,000 | -420,000 | -485,000 | -378,000 |
| Income tax | 0 | 0 | 0 | -300,000 |
| Net income | -280,000 | -420,000 | -485,000 | -78,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,459,000 | 16,339,000 | 16,296,000 | 16,568,000 |
| Total capital | 16,862,000 | 16,339,000 | 16,296,000 | 17,227,000 |
| Risk-weighted assets | 31,921,000 | 37,686,000 | 40,691,000 | 53,227,000 |