Call reports 2020
FIRST NATIONAL BANK OF MICHIGAN — 2020
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 634,514,000 | 757,661,000 | 800,989,000 | 767,789,000 |
| Total loans | 484,627,000 | 589,342,000 | 600,812,000 | 545,302,000 |
| Allowance for loan losses | 7,443,000 | 7,976,000 | 8,481,000 | 8,622,000 |
| Securities available for sale | 33,344,000 | 47,649,000 | 110,340,000 | 124,740,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 500,945,000 | 617,791,000 | 659,386,000 | 628,114,000 |
| Interest-bearing deposits | 368,631,000 | 425,538,000 | 453,842,000 | 422,194,000 |
| Noninterest-bearing deposits | 132,314,000 | 192,253,000 | 205,544,000 | 205,920,000 |
| Equity capital | 58,700,000 | 60,591,000 | 61,632,000 | 64,563,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,494,000 | 12,337,000 | 18,297,000 | 26,915,000 |
| Interest expense | 1,265,000 | 2,376,000 | 3,423,000 | 4,363,000 |
| Net interest income | 5,229,000 | 9,961,000 | 14,874,000 | 22,552,000 |
| Noninterest income | 284,000 | 593,000 | 903,000 | 1,224,000 |
| Noninterest expense | 3,471,000 | 7,016,000 | 10,553,000 | 14,509,000 |
| Provision for loan losses | 784,000 | 1,316,000 | 1,819,000 | 1,959,000 |
| Pretax income | 1,258,000 | 2,222,000 | 3,405,000 | 7,308,000 |
| Income tax | 233,000 | 413,000 | 734,000 | 1,845,000 |
| Net income | 1,025,000 | 1,809,000 | 2,671,000 | 5,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,030,000 | 59,898,000 | 60,841,000 | 63,693,000 |
| Total capital | 65,850,000 | 66,708,000 | 67,618,000 | 70,520,000 |
| Risk-weighted assets | 544,988,000 | 543,597,000 | 540,489,000 | 544,369,000 |