Call reports 2008
FIRST NATIONAL BANK OF MICHIGAN — 2008
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 71,591,000 | 79,670,000 | 87,152,000 | 96,129,000 |
| Total loans | 61,059,000 | 70,322,000 | 78,753,000 | 87,515,000 |
| Allowance for loan losses | 763,000 | 879,000 | 983,000 | 968,000 |
| Securities available for sale | 6,988,000 | 6,601,000 | 6,315,000 | 5,135,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,575,000 | 58,680,000 | 65,457,000 | 73,652,000 |
| Interest-bearing deposits | 43,807,000 | 49,560,000 | 55,190,000 | 60,545,000 |
| Noninterest-bearing deposits | 6,768,000 | 9,120,000 | 10,267,000 | 13,107,000 |
| Equity capital | 16,822,000 | 16,748,000 | 16,848,000 | 16,959,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,046,000 | 2,136,000 | 3,368,000 | 4,583,000 |
| Interest expense | 409,000 | 807,000 | 1,230,000 | 1,650,000 |
| Net interest income | 637,000 | 1,329,000 | 2,138,000 | 2,933,000 |
| Noninterest income | 32,000 | 83,000 | 129,000 | 193,000 |
| Noninterest expense | 650,000 | 1,327,000 | 2,003,000 | 2,761,000 |
| Provision for loan losses | 104,000 | 220,000 | 324,000 | 540,000 |
| Pretax income | -85,000 | -135,000 | -60,000 | -175,000 |
| Income tax | -29,000 | -46,000 | -23,000 | -190,000 |
| Net income | -56,000 | -89,000 | -37,000 | 15,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,728,000 | 16,734,000 | 16,826,000 | 16,921,000 |
| Total capital | 17,491,000 | 17,577,000 | 17,764,000 | 17,889,000 |
| Risk-weighted assets | 61,283,000 | 67,464,000 | 75,401,000 | 83,986,000 |