Call reports 2024
FIRST NATIONAL BANK OF MICHIGAN — 2024
What FIRST NATIONAL BANK OF MICHIGAN reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,011,465,000 | 978,041,000 | 973,517,000 | 970,572,000 |
| Total loans | 731,057,000 | 739,627,000 | 739,434,000 | 746,235,000 |
| Allowance for loan losses | 10,563,000 | 9,856,000 | 10,338,000 | 10,356,000 |
| Securities available for sale | 201,976,000 | 192,716,000 | 186,291,000 | 169,931,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 799,992,000 | 753,934,000 | 766,694,000 | 802,444,000 |
| Interest-bearing deposits | 637,498,000 | 588,007,000 | 599,162,000 | 631,267,000 |
| Noninterest-bearing deposits | 162,494,000 | 165,927,000 | 167,532,000 | 171,177,000 |
| Equity capital | 72,661,000 | 75,640,000 | 80,902,000 | 79,120,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 11,793,000 | 23,593,000 | 35,755,000 | 47,932,000 |
| Interest expense | 6,359,000 | 12,939,000 | 19,623,000 | 25,808,000 |
| Net interest income | 5,434,000 | 10,654,000 | 16,132,000 | 22,124,000 |
| Noninterest income | 717,000 | 1,064,000 | 1,410,000 | 1,783,000 |
| Noninterest expense | 4,485,000 | 8,895,000 | 13,098,000 | 17,689,000 |
| Provision for loan losses | 109,000 | -598,000 | -116,000 | -98,000 |
| Pretax income | 1,704,000 | 3,797,000 | 5,050,000 | 7,081,000 |
| Income tax | 311,000 | 721,000 | 934,000 | 1,487,000 |
| Net income | 1,393,000 | 3,076,000 | 4,116,000 | 5,594,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 85,074,000 | 86,931,000 | 88,164,000 | 87,323,000 |
| Total capital | 95,469,000 | 97,490,000 | 98,346,000 | 97,532,000 |
| Risk-weighted assets | 829,837,000 | 844,011,000 | 813,155,000 | 815,534,000 |