Call reports 2019
MI BANK — 2019
What MI BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|
| Total assets | 34,640,000 | 50,796,000 | 68,188,000 |
| Total loans | 14,978,000 | 33,671,000 | 42,784,000 |
| Allowance for loan losses | 0 | 236,000 | 344,000 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 14,692,000 | 32,047,000 | 49,929,000 |
| Interest-bearing deposits | 13,052,000 | 23,313,000 | 34,222,000 |
| Noninterest-bearing deposits | 1,640,000 | 8,734,000 | 15,707,000 |
| Equity capital | 19,439,000 | 18,684,000 | 18,132,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|
| Interest income | 52,000 | 433,000 | 936,000 |
| Interest expense | 2,000 | 69,000 | 166,000 |
| Net interest income | 50,000 | 364,000 | 770,000 |
| Noninterest income | 0 | 24,000 | 66,000 |
| Noninterest expense | 971,000 | 1,828,000 | 2,720,000 |
| Provision for loan losses | 0 | 236,000 | 344,000 |
| Pretax income | -921,000 | -1,676,000 | -2,228,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -921,000 | -1,676,000 | -2,228,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|
| Tier 1 capital | 19,439,000 | 18,684,000 | 18,132,000 |
| Total capital | 19,439,000 | 18,920,000 | 18,476,000 |
| Risk-weighted assets | 16,458,000 | 36,657,000 | 46,542,000 |