Call reports 2024
MI BANK — 2024
What MI BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 228,539,000 | 229,701,000 | 239,681,000 | 275,784,000 |
| Total loans | 180,951,000 | 187,480,000 | 199,324,000 | 205,890,000 |
| Allowance for loan losses | 2,045,000 | 2,120,000 | 2,195,000 | 2,370,000 |
| Securities available for sale | 13,487,000 | 13,374,000 | 13,469,000 | 11,667,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 205,887,000 | 206,443,000 | 215,796,000 | 251,704,000 |
| Interest-bearing deposits | 170,687,000 | 169,389,000 | 184,647,000 | 221,260,000 |
| Noninterest-bearing deposits | 35,200,000 | 37,054,000 | 31,149,000 | 30,444,000 |
| Equity capital | 20,503,000 | 20,971,000 | 21,758,000 | 21,675,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,054,000 | 6,482,000 | 10,264,000 | 13,939,000 |
| Interest expense | 1,460,000 | 3,108,000 | 4,917,000 | 6,709,000 |
| Net interest income | 1,594,000 | 3,374,000 | 5,347,000 | 7,230,000 |
| Noninterest income | 262,000 | 345,000 | 389,000 | 437,000 |
| Noninterest expense | 1,241,000 | 2,647,000 | 4,015,000 | 5,630,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 400,000 |
| Pretax income | 540,000 | 922,000 | 1,496,000 | 1,637,000 |
| Income tax | 114,000 | 197,000 | 319,000 | 353,000 |
| Net income | 426,000 | 725,000 | 1,177,000 | 1,284,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,312,000 | 21,641,000 | 22,195,000 | 22,063,000 |
| Total capital | 23,517,000 | 23,921,000 | 24,550,000 | 24,593,000 |
| Risk-weighted assets | 191,084,000 | 202,028,000 | 213,086,000 | 222,958,000 |
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