Call reports 2018
FIRST NATIONAL BANK OF MICHIGAN — 2018
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 483,993,000 | 532,665,000 | 546,962,000 | 571,931,000 |
| Total loans | 400,079,000 | 417,861,000 | 440,684,000 | 449,476,000 |
| Allowance for loan losses | 5,758,000 | 6,037,000 | 6,464,000 | 6,562,000 |
| Securities available for sale | 65,001,000 | 57,496,000 | 50,602,000 | 47,176,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 417,442,000 | 444,161,000 | 466,396,000 | 480,335,000 |
| Interest-bearing deposits | 298,592,000 | 320,732,000 | 352,505,000 | 361,104,000 |
| Noninterest-bearing deposits | 118,850,000 | 123,429,000 | 113,891,000 | 119,231,000 |
| Equity capital | 46,868,000 | 48,260,000 | 49,606,000 | 51,153,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 4,994,000 | 10,419,000 | 16,234,000 | 22,441,000 |
| Interest expense | 570,000 | 1,272,000 | 2,160,000 | 3,450,000 |
| Net interest income | 4,424,000 | 9,147,000 | 14,074,000 | 18,991,000 |
| Noninterest income | 255,000 | 516,000 | 779,000 | 1,039,000 |
| Noninterest expense | 2,975,000 | 5,971,000 | 9,022,000 | 12,405,000 |
| Provision for loan losses | 176,000 | 453,000 | 878,000 | 1,005,000 |
| Pretax income | 1,528,000 | 3,248,000 | 4,974,000 | 6,641,000 |
| Income tax | 291,000 | 636,000 | 965,000 | 1,187,000 |
| Net income | 1,237,000 | 2,612,000 | 4,009,000 | 5,454,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,568,000 | 48,999,000 | 50,460,000 | 51,727,000 |
| Total capital | 53,076,000 | 54,724,000 | 56,509,000 | 57,909,000 |
| Risk-weighted assets | 440,366,000 | 457,702,000 | 483,499,000 | 494,156,000 |