Call reports 2015
FIRST NATIONAL BANK OF MICHIGAN — 2015
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 395,022,000 | 396,142,000 | 406,072,000 | 416,024,000 |
| Total loans | 274,665,000 | 290,658,000 | 295,310,000 | 301,999,000 |
| Allowance for loan losses | 4,781,000 | 4,811,000 | 4,871,000 | 4,871,000 |
| Securities available for sale | 93,850,000 | 88,935,000 | 92,248,000 | 90,236,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 352,829,000 | 352,912,000 | 362,041,000 | 360,360,000 |
| Interest-bearing deposits | 279,248,000 | 274,951,000 | 284,596,000 | 273,825,000 |
| Noninterest-bearing deposits | 73,581,000 | 77,961,000 | 77,445,000 | 86,535,000 |
| Equity capital | 35,822,000 | 36,100,000 | 37,786,000 | 38,618,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,510,000 | 7,155,000 | 11,004,000 | 14,814,000 |
| Interest expense | 281,000 | 566,000 | 859,000 | 1,137,000 |
| Net interest income | 3,229,000 | 6,589,000 | 10,145,000 | 13,677,000 |
| Noninterest income | 315,000 | 573,000 | 828,000 | 1,079,000 |
| Noninterest expense | 1,771,000 | 3,661,000 | 5,505,000 | 7,537,000 |
| Provision for loan losses | 64,000 | 94,000 | 154,000 | 154,000 |
| Pretax income | 1,720,000 | 3,438,000 | 5,377,000 | 7,126,000 |
| Income tax | 512,000 | 1,030,000 | 1,680,000 | 2,248,000 |
| Net income | 1,208,000 | 2,408,000 | 3,697,000 | 4,878,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,975,000 | 35,660,000 | 37,069,000 | 38,196,000 |
| Total capital | 38,646,000 | 39,576,000 | 41,226,000 | 42,549,000 |
| Risk-weighted assets | 292,598,000 | 312,414,000 | 331,846,000 | 347,657,000 |