Call reports 2021
FIRST NATIONAL BANK OF MICHIGAN — 2021
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 823,966,000 | 803,716,000 | 872,288,000 | 887,008,000 |
| Total loans | 600,994,000 | 589,661,000 | 592,110,000 | 564,968,000 |
| Allowance for loan losses | 9,164,000 | 9,465,000 | 10,022,000 | 10,524,000 |
| Securities available for sale | 162,140,000 | 169,153,000 | 176,353,000 | 209,441,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 684,207,000 | 661,138,000 | 727,385,000 | 741,266,000 |
| Interest-bearing deposits | 449,538,000 | 418,797,000 | 478,663,000 | 490,484,000 |
| Noninterest-bearing deposits | 234,669,000 | 242,341,000 | 248,722,000 | 250,782,000 |
| Equity capital | 65,382,000 | 67,345,000 | 69,409,000 | 69,851,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 7,136,000 | 13,996,000 | 21,465,000 | 29,476,000 |
| Interest expense | 845,000 | 1,534,000 | 2,293,000 | 3,098,000 |
| Net interest income | 6,291,000 | 12,462,000 | 19,172,000 | 26,378,000 |
| Noninterest income | 295,000 | 619,000 | 964,000 | 1,319,000 |
| Noninterest expense | 3,973,000 | 7,952,000 | 12,062,000 | 16,813,000 |
| Provision for loan losses | 540,000 | 840,000 | 1,395,000 | 1,896,000 |
| Pretax income | 2,073,000 | 4,287,000 | 6,677,000 | 8,934,000 |
| Income tax | 415,000 | 848,000 | 1,269,000 | 1,541,000 |
| Net income | 1,658,000 | 3,439,000 | 5,408,000 | 7,393,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,455,000 | 67,292,000 | 69,166,000 | 71,250,000 |
| Total capital | 73,022,000 | 74,982,000 | 77,268,000 | 79,529,000 |
| Risk-weighted assets | 603,757,000 | 613,389,000 | 646,203,000 | 660,094,000 |