Call reports 2014
FIRST NATIONAL BANK OF MICHIGAN — 2014
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 339,637,000 | 342,059,000 | 354,748,000 | 355,171,000 |
| Total loans | 261,411,000 | 263,967,000 | 252,116,000 | 264,900,000 |
| Allowance for loan losses | 4,768,000 | 4,639,000 | 4,640,000 | 4,717,000 |
| Securities available for sale | 43,595,000 | 59,307,000 | 75,187,000 | 76,519,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 300,770,000 | 301,618,000 | 313,019,000 | 311,030,000 |
| Interest-bearing deposits | 239,922,000 | 234,388,000 | 244,065,000 | 236,685,000 |
| Noninterest-bearing deposits | 60,848,000 | 67,230,000 | 68,954,000 | 74,345,000 |
| Equity capital | 31,177,000 | 32,490,000 | 33,704,000 | 34,741,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,184,000 | 6,680,000 | 10,084,000 | 13,530,000 |
| Interest expense | 301,000 | 612,000 | 927,000 | 1,219,000 |
| Net interest income | 2,883,000 | 6,068,000 | 9,157,000 | 12,311,000 |
| Noninterest income | 174,000 | 363,000 | 614,000 | 1,155,000 |
| Noninterest expense | 1,622,000 | 3,315,000 | 5,037,000 | 7,287,000 |
| Provision for loan losses | 232,000 | 265,000 | 265,000 | 340,000 |
| Pretax income | 1,203,000 | 2,853,000 | 4,471,000 | 5,841,000 |
| Income tax | 351,000 | 830,000 | 1,303,000 | 1,752,000 |
| Net income | 852,000 | 2,023,000 | 3,168,000 | 4,089,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,936,000 | 32,144,000 | 33,326,000 | 34,284,000 |
| Total capital | 34,231,000 | 35,537,000 | 36,482,000 | 37,583,000 |
| Risk-weighted assets | 263,058,000 | 271,041,000 | 251,674,000 | 263,338,000 |