Call reports 2022
MI BANK — 2022
What MI BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 180,114,000 | 172,864,000 | 166,803,000 | 203,772,000 |
| Total loans | 108,535,000 | 124,167,000 | 135,883,000 | 144,036,000 |
| Allowance for loan losses | 1,518,000 | 1,620,000 | 1,750,000 | 1,895,000 |
| Securities available for sale | 19,723,000 | 18,337,000 | 17,729,000 | 17,494,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,996,000 | 154,627,000 | 148,500,000 | 184,692,000 |
| Interest-bearing deposits | 89,839,000 | 97,336,000 | 100,353,000 | 136,238,000 |
| Noninterest-bearing deposits | 71,157,000 | 57,291,000 | 48,147,000 | 48,454,000 |
| Equity capital | 18,378,000 | 17,561,000 | 17,448,000 | 17,297,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,531,000 | 2,951,000 | 4,623,000 | 6,682,000 |
| Interest expense | 55,000 | 104,000 | 166,000 | 647,000 |
| Net interest income | 1,476,000 | 2,847,000 | 4,457,000 | 6,035,000 |
| Noninterest income | 68,000 | 114,000 | 153,000 | 183,000 |
| Noninterest expense | 1,104,000 | 2,306,000 | 3,743,000 | 5,481,000 |
| Provision for loan losses | 98,000 | 200,000 | 330,000 | 475,000 |
| Pretax income | 342,000 | 455,000 | 537,000 | 262,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 342,000 | 455,000 | 537,000 | 262,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,209,000 | 19,318,000 | 19,401,000 | 19,126,000 |
| Total capital | 20,725,000 | 20,938,000 | 21,151,000 | 21,021,000 |
| Risk-weighted assets | 121,300,000 | 138,416,000 | 151,823,000 | 158,986,000 |