Call reports 2009
FIRST NATIONAL BANK OF MICHIGAN — 2009
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 130,096,000 | 157,292,000 | 162,442,000 | 161,257,000 |
| Total loans | 101,254,000 | 105,725,000 | 113,039,000 | 118,940,000 |
| Allowance for loan losses | 1,161,000 | 1,384,000 | 1,643,000 | 1,927,000 |
| Securities available for sale | 18,179,000 | 26,794,000 | 26,413,000 | 25,417,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,901,000 | 136,560,000 | 138,318,000 | 138,073,000 |
| Interest-bearing deposits | 95,127,000 | 119,700,000 | 120,035,000 | 117,448,000 |
| Noninterest-bearing deposits | 14,774,000 | 16,860,000 | 18,283,000 | 20,625,000 |
| Equity capital | 16,970,000 | 17,195,000 | 17,718,000 | 18,075,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,375,000 | 3,073,000 | 4,896,000 | 6,824,000 |
| Interest expense | 418,000 | 803,000 | 1,202,000 | 1,607,000 |
| Net interest income | 957,000 | 2,270,000 | 3,694,000 | 5,217,000 |
| Noninterest income | 69,000 | 212,000 | 369,000 | 555,000 |
| Noninterest expense | 798,000 | 1,750,000 | 2,674,000 | 3,617,000 |
| Provision for loan losses | 193,000 | 416,000 | 675,000 | 975,000 |
| Pretax income | 35,000 | 316,000 | 714,000 | 1,180,000 |
| Income tax | 12,000 | 106,000 | 237,000 | 376,000 |
| Net income | 23,000 | 210,000 | 477,000 | 804,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,996,000 | 17,231,000 | 17,538,000 | 17,906,000 |
| Total capital | 18,157,000 | 18,615,000 | 19,050,000 | 19,464,000 |
| Risk-weighted assets | 106,432,000 | 112,899,000 | 120,900,000 | 124,295,000 |