Call reports 2019
FIRST NATIONAL BANK OF MICHIGAN — 2019
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 555,635,000 | 573,702,000 | 594,208,000 | 629,182,000 |
| Total loans | 463,146,000 | 477,884,000 | 486,837,000 | 491,400,000 |
| Allowance for loan losses | 6,063,000 | 6,252,000 | 6,422,000 | 6,463,000 |
| Securities available for sale | 47,246,000 | 43,353,000 | 32,954,000 | 36,878,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 452,859,000 | 468,786,000 | 476,973,000 | 500,467,000 |
| Interest-bearing deposits | 339,810,000 | 342,173,000 | 348,624,000 | 367,941,000 |
| Noninterest-bearing deposits | 113,049,000 | 126,613,000 | 128,349,000 | 132,526,000 |
| Equity capital | 52,966,000 | 54,828,000 | 56,478,000 | 58,182,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 6,291,000 | 12,824,000 | 19,556,000 | 26,106,000 |
| Interest expense | 1,352,000 | 2,809,000 | 4,168,000 | 5,491,000 |
| Net interest income | 4,939,000 | 10,015,000 | 15,388,000 | 20,615,000 |
| Noninterest income | 255,000 | 514,000 | 788,000 | 1,069,000 |
| Noninterest expense | 3,298,000 | 6,705,000 | 10,300,000 | 13,608,000 |
| Provision for loan losses | 196,000 | 385,000 | 555,000 | 692,000 |
| Pretax income | 1,700,000 | 3,439,000 | 5,351,000 | 7,414,000 |
| Income tax | 303,000 | 619,000 | 976,000 | 1,372,000 |
| Net income | 1,397,000 | 2,820,000 | 4,375,000 | 6,042,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,184,000 | 54,675,000 | 56,303,000 | 57,942,000 |
| Total capital | 59,247,000 | 60,927,000 | 62,725,000 | 64,405,000 |
| Risk-weighted assets | 507,727,000 | 524,653,000 | 536,219,000 | 551,551,000 |