Call reports 2020
MI BANK — 2020
What MI BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 71,979,000 | 94,109,000 | 110,989,000 | 119,961,000 |
| Total loans | 48,223,000 | 79,399,000 | 91,209,000 | 95,333,000 |
| Allowance for loan losses | 365,000 | 550,000 | 675,000 | 915,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,996,000 | 76,402,000 | 88,408,000 | 91,794,000 |
| Interest-bearing deposits | 41,163,000 | 50,625,000 | 65,674,000 | 63,776,000 |
| Noninterest-bearing deposits | 12,833,000 | 25,777,000 | 22,734,000 | 28,018,000 |
| Equity capital | 17,842,000 | 17,559,000 | 17,357,000 | 16,592,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 575,000 | 1,236,000 | 2,060,000 | 3,174,000 |
| Interest expense | 134,000 | 237,000 | 349,000 | 447,000 |
| Net interest income | 441,000 | 999,000 | 1,711,000 | 2,727,000 |
| Noninterest income | 54,000 | 108,000 | 170,000 | 237,000 |
| Noninterest expense | 764,000 | 1,474,000 | 2,325,000 | 3,933,000 |
| Provision for loan losses | 21,000 | 206,000 | 331,000 | 571,000 |
| Pretax income | -290,000 | -573,000 | -775,000 | -1,540,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -290,000 | -573,000 | -775,000 | -1,540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,842,000 | 17,559,000 | 17,357,000 | 16,592,000 |
| Total capital | 18,207,000 | 18,109,000 | 18,032,000 | 17,507,000 |
| Risk-weighted assets | 52,240,000 | 64,011,000 | 75,623,000 | 89,472,000 |