Call reports 2021
MI BANK — 2021
What MI BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 141,010,000 | 147,006,000 | 153,960,000 | 188,266,000 |
| Total loans | 105,851,000 | 108,845,000 | 106,324,000 | 112,776,000 |
| Allowance for loan losses | 1,125,000 | 1,200,000 | 1,270,000 | 1,420,000 |
| Securities available for sale | 0 | 2,315,000 | 5,546,000 | 15,661,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,868,000 | 119,632,000 | 134,330,000 | 168,759,000 |
| Interest-bearing deposits | 84,192,000 | 77,997,000 | 83,597,000 | 101,019,000 |
| Noninterest-bearing deposits | 39,676,000 | 41,635,000 | 50,733,000 | 67,740,000 |
| Equity capital | 16,538,000 | 16,525,000 | 18,788,000 | 18,793,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,135,000 | 2,349,000 | 3,899,000 | 5,445,000 |
| Interest expense | 104,000 | 182,000 | 252,000 | 318,000 |
| Net interest income | 1,031,000 | 2,167,000 | 3,647,000 | 5,127,000 |
| Noninterest income | 60,000 | 168,000 | 238,000 | 279,000 |
| Noninterest expense | 935,000 | 2,117,000 | 3,340,000 | 4,612,000 |
| Provision for loan losses | 210,000 | 285,000 | 355,000 | 505,000 |
| Pretax income | -54,000 | -67,000 | 190,000 | 289,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -54,000 | -67,000 | 190,000 | 289,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,538,000 | 16,510,000 | 18,767,000 | 18,867,000 |
| Total capital | 17,583,000 | 17,634,000 | 19,860,000 | 20,287,000 |
| Risk-weighted assets | 83,482,000 | 89,865,000 | 87,280,000 | 114,864,000 |
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