Call reports 2023
MI BANK — 2023
What MI BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 213,702,000 | 215,123,000 | 228,281,000 | 236,195,000 |
| Total loans | 154,699,000 | 159,872,000 | 161,409,000 | 171,410,000 |
| Allowance for loan losses | 2,005,000 | 1,816,000 | 1,870,000 | 1,970,000 |
| Securities available for sale | 17,010,000 | 16,385,000 | 15,599,000 | 15,059,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 194,788,000 | 196,098,000 | 209,318,000 | 213,952,000 |
| Interest-bearing deposits | 155,019,000 | 162,380,000 | 174,030,000 | 178,312,000 |
| Noninterest-bearing deposits | 39,769,000 | 33,718,000 | 35,288,000 | 35,640,000 |
| Equity capital | 17,228,000 | 17,087,000 | 17,053,000 | 20,023,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,378,000 | 5,101,000 | 8,002,000 | 11,162,000 |
| Interest expense | 859,000 | 2,121,000 | 3,440,000 | 4,848,000 |
| Net interest income | 1,519,000 | 2,980,000 | 4,562,000 | 6,314,000 |
| Noninterest income | 28,000 | 67,000 | 108,000 | 139,000 |
| Noninterest expense | 1,351,000 | 2,905,000 | 4,383,000 | 6,483,000 |
| Provision for loan losses | 110,000 | 135,000 | 135,000 | 235,000 |
| Pretax income | 86,000 | 7,000 | 152,000 | -265,000 |
| Income tax | 0 | 0 | 0 | -718,000 |
| Net income | 86,000 | 7,000 | 152,000 | 453,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,213,000 | 19,129,000 | 19,275,000 | 20,828,000 |
| Total capital | 21,218,000 | 21,159,000 | 21,305,000 | 22,958,000 |
| Risk-weighted assets | 167,914,000 | 173,005,000 | 173,779,000 | 181,622,000 |