Call reports 2011
FIRST NATIONAL BANK OF MICHIGAN — 2011
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 184,308,000 | 198,815,000 | 204,656,000 | 204,754,000 |
| Total loans | 147,192,000 | 158,676,000 | 159,296,000 | 162,465,000 |
| Allowance for loan losses | 2,916,000 | 3,121,000 | 3,187,000 | 3,268,000 |
| Securities available for sale | 29,502,000 | 30,227,000 | 33,040,000 | 34,100,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 155,157,000 | 167,020,000 | 174,369,000 | 174,091,000 |
| Interest-bearing deposits | 123,549,000 | 129,946,000 | 135,712,000 | 135,177,000 |
| Noninterest-bearing deposits | 31,608,000 | 37,074,000 | 38,657,000 | 38,914,000 |
| Equity capital | 20,098,000 | 20,831,000 | 21,674,000 | 22,275,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,261,000 | 4,588,000 | 7,035,000 | 9,505,000 |
| Interest expense | 413,000 | 815,000 | 1,224,000 | 1,611,000 |
| Net interest income | 1,848,000 | 3,773,000 | 5,811,000 | 7,894,000 |
| Noninterest income | 207,000 | 385,000 | 588,000 | 866,000 |
| Noninterest expense | 1,241,000 | 2,428,000 | 3,683,000 | 5,013,000 |
| Provision for loan losses | 115,000 | 316,000 | 474,000 | 567,000 |
| Pretax income | 699,000 | 1,418,000 | 2,242,000 | 3,184,000 |
| Income tax | 225,000 | 455,000 | 717,000 | 1,018,000 |
| Net income | 474,000 | 963,000 | 1,525,000 | 2,166,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,866,000 | 20,392,000 | 20,990,000 | 21,669,000 |
| Total capital | 21,818,000 | 22,466,000 | 23,088,000 | 23,800,000 |
| Risk-weighted assets | 155,670,000 | 164,893,000 | 166,787,000 | 169,360,000 |