Call reports 2023
FIRST NATIONAL BANK OF MICHIGAN — 2023
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 950,411,000 | 979,871,000 | 972,256,000 | 980,659,000 |
| Total loans | 660,018,000 | 671,070,000 | 689,371,000 | 712,855,000 |
| Allowance for loan losses | 10,176,000 | 10,281,000 | 10,784,000 | 10,454,000 |
| Securities available for sale | 242,308,000 | 231,075,000 | 218,910,000 | 210,813,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 762,141,000 | 765,074,000 | 797,054,000 | 778,275,000 |
| Interest-bearing deposits | 531,721,000 | 568,549,000 | 622,522,000 | 596,511,000 |
| Noninterest-bearing deposits | 230,420,000 | 196,525,000 | 174,532,000 | 181,764,000 |
| Equity capital | 65,062,000 | 65,060,000 | 65,281,000 | 70,812,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 9,579,000 | 19,835,000 | 30,986,000 | 42,216,000 |
| Interest expense | 3,072,000 | 7,509,000 | 12,755,000 | 18,447,000 |
| Net interest income | 6,507,000 | 12,326,000 | 18,231,000 | 23,769,000 |
| Noninterest income | 300,000 | 622,000 | 937,000 | 1,277,000 |
| Noninterest expense | 4,941,000 | 9,928,000 | 14,730,000 | 19,914,000 |
| Provision for loan losses | 1,818,000 | 1,922,000 | 2,425,000 | 2,094,000 |
| Pretax income | 1,267,000 | 2,084,000 | 3,209,000 | 4,465,000 |
| Income tax | 219,000 | 375,000 | 578,000 | 725,000 |
| Net income | 1,048,000 | 1,709,000 | 2,631,000 | 3,740,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,292,000 | 81,155,000 | 82,237,000 | 83,528,000 |
| Total capital | 90,006,000 | 91,211,000 | 92,369,000 | 93,888,000 |
| Risk-weighted assets | 774,649,000 | 802,046,000 | 807,917,000 | 826,949,000 |