Call reports 2016
FIRST NATIONAL BANK OF MICHIGAN — 2016
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 431,833,000 | 417,136,000 | 432,562,000 | 455,598,000 |
| Total loans | 316,445,000 | 322,573,000 | 343,955,000 | 356,360,000 |
| Allowance for loan losses | 4,874,000 | 5,010,000 | 5,100,000 | 5,241,000 |
| Securities available for sale | 91,285,000 | 72,429,000 | 71,918,000 | 73,241,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 382,888,000 | 353,647,000 | 373,221,000 | 366,415,000 |
| Interest-bearing deposits | 298,458,000 | 263,554,000 | 279,385,000 | 265,938,000 |
| Noninterest-bearing deposits | 84,430,000 | 90,093,000 | 93,836,000 | 100,477,000 |
| Equity capital | 40,412,000 | 41,708,000 | 42,830,000 | 43,056,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,916,000 | 7,860,000 | 11,965,000 | 16,196,000 |
| Interest expense | 283,000 | 568,000 | 858,000 | 1,170,000 |
| Net interest income | 3,633,000 | 7,292,000 | 11,107,000 | 15,026,000 |
| Noninterest income | 246,000 | 498,000 | 784,000 | 1,065,000 |
| Noninterest expense | 2,182,000 | 4,432,000 | 6,870,000 | 9,476,000 |
| Provision for loan losses | 0 | 136,000 | 226,000 | 458,000 |
| Pretax income | 1,698,000 | 3,342,000 | 4,915,000 | 6,287,000 |
| Income tax | 489,000 | 952,000 | 1,401,000 | 1,792,000 |
| Net income | 1,209,000 | 2,390,000 | 3,514,000 | 4,495,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,529,000 | 40,747,000 | 41,910,000 | 42,935,000 |
| Total capital | 43,999,000 | 45,253,000 | 46,624,000 | 47,829,000 |
| Risk-weighted assets | 357,165,000 | 359,998,000 | 376,709,000 | 391,201,000 |