Call reports 2010
FIRST NATIONAL BANK OF MICHIGAN — 2010
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 143,646,000 | 160,921,000 | 168,187,000 | 176,891,000 |
| Total loans | 122,904,000 | 129,043,000 | 138,775,000 | 146,649,000 |
| Allowance for loan losses | 2,159,000 | 2,281,000 | 2,461,000 | 2,797,000 |
| Securities available for sale | 14,949,000 | 22,141,000 | 25,153,000 | 24,048,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 119,520,000 | 136,564,000 | 141,284,000 | 147,145,000 |
| Interest-bearing deposits | 97,723,000 | 113,037,000 | 114,063,000 | 114,352,000 |
| Noninterest-bearing deposits | 21,797,000 | 23,527,000 | 27,221,000 | 32,793,000 |
| Equity capital | 18,619,000 | 19,041,000 | 19,624,000 | 19,476,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,916,000 | 3,844,000 | 5,937,000 | 8,171,000 |
| Interest expense | 405,000 | 855,000 | 1,306,000 | 1,759,000 |
| Net interest income | 1,511,000 | 2,989,000 | 4,631,000 | 6,412,000 |
| Noninterest income | 216,000 | 428,000 | 857,000 | 1,136,000 |
| Noninterest expense | 953,000 | 2,014,000 | 3,179,000 | 4,371,000 |
| Provision for loan losses | 232,000 | 354,000 | 534,000 | 879,000 |
| Pretax income | 745,000 | 1,252,000 | 1,775,000 | 2,298,000 |
| Income tax | 253,000 | 411,000 | 583,000 | 757,000 |
| Net income | 492,000 | 841,000 | 1,192,000 | 1,541,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,440,000 | 18,827,000 | 19,218,000 | 19,356,000 |
| Total capital | 19,987,000 | 20,496,000 | 21,027,000 | 21,260,000 |
| Risk-weighted assets | 123,186,000 | 132,910,000 | 144,126,000 | 151,501,000 |