Call reports 2022
FIRST NATIONAL BANK OF MICHIGAN — 2022
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 919,064,000 | 914,494,000 | 941,262,000 | 936,062,000 |
| Total loans | 562,704,000 | 579,363,000 | 598,249,000 | 628,047,000 |
| Allowance for loan losses | 10,993,000 | 11,445,000 | 11,981,000 | 12,603,000 |
| Securities available for sale | 307,397,000 | 259,484,000 | 260,161,000 | 253,846,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 792,593,000 | 817,234,000 | 844,621,000 | 786,318,000 |
| Interest-bearing deposits | 542,005,000 | 555,654,000 | 591,359,000 | 545,866,000 |
| Noninterest-bearing deposits | 250,588,000 | 261,580,000 | 253,262,000 | 240,452,000 |
| Equity capital | 64,072,000 | 60,065,000 | 59,233,000 | 61,611,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 6,905,000 | 14,276,000 | 22,407,000 | 31,509,000 |
| Interest expense | 715,000 | 1,305,000 | 2,125,000 | 3,744,000 |
| Net interest income | 6,190,000 | 12,971,000 | 20,282,000 | 27,765,000 |
| Noninterest income | 347,000 | 664,000 | 978,000 | 1,264,000 |
| Noninterest expense | 4,356,000 | 8,817,000 | 13,944,000 | 19,010,000 |
| Provision for loan losses | 468,000 | 920,000 | 1,456,000 | 2,078,000 |
| Pretax income | 1,713,000 | 3,898,000 | 5,860,000 | 7,902,000 |
| Income tax | 274,000 | 663,000 | 996,000 | 1,363,000 |
| Net income | 1,439,000 | 3,235,000 | 4,864,000 | 6,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,801,000 | 74,663,000 | 76,433,000 | 78,256,000 |
| Total capital | 81,556,000 | 83,822,000 | 85,697,000 | 87,791,000 |
| Risk-weighted assets | 698,158,000 | 730,455,000 | 738,437,000 | 759,741,000 |