Call reports 2017
FIRST NATIONAL BANK OF MICHIGAN — 2017
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 494,708,000 | 472,838,000 | 471,324,000 | 481,776,000 |
| Total loans | 350,270,000 | 360,056,000 | 371,603,000 | 386,808,000 |
| Allowance for loan losses | 5,305,000 | 5,367,000 | 5,474,000 | 5,578,000 |
| Securities available for sale | 74,982,000 | 71,446,000 | 69,420,000 | 65,836,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 409,313,000 | 405,880,000 | 410,130,000 | 405,478,000 |
| Interest-bearing deposits | 309,630,000 | 301,560,000 | 301,305,000 | 278,666,000 |
| Noninterest-bearing deposits | 99,683,000 | 104,320,000 | 108,825,000 | 126,812,000 |
| Equity capital | 44,228,000 | 45,498,000 | 46,706,000 | 46,041,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 4,286,000 | 8,783,000 | 13,514,000 | 18,402,000 |
| Interest expense | 389,000 | 797,000 | 1,200,000 | 1,655,000 |
| Net interest income | 3,897,000 | 7,986,000 | 12,314,000 | 16,747,000 |
| Noninterest income | 264,000 | 519,000 | 802,000 | 1,072,000 |
| Noninterest expense | 2,567,000 | 5,300,000 | 8,051,000 | 10,976,000 |
| Provision for loan losses | 60,000 | 120,000 | 225,000 | 327,000 |
| Pretax income | 1,562,000 | 3,119,000 | 4,968,000 | 6,655,000 |
| Income tax | 445,000 | 889,000 | 1,416,000 | 2,706,000 |
| Net income | 1,117,000 | 2,230,000 | 3,552,000 | 3,949,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,093,000 | 45,162,000 | 46,528,000 | 46,289,000 |
| Total capital | 48,804,000 | 50,139,000 | 51,682,000 | 51,378,000 |
| Risk-weighted assets | 376,271,000 | 397,745,000 | 412,027,000 | 406,486,000 |