Call reports 2016
STATE SAVINGS BANK OF MANISTIQUE, THE — 2016
What STATE SAVINGS BANK OF MANISTIQUE, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 119,289,000 | 118,453,000 | 124,394,000 | 120,874,000 |
| Total loans | 59,004,000 | 58,856,000 | 58,974,000 | 58,702,000 |
| Allowance for loan losses | 538,000 | 560,000 | 584,000 | 500,000 |
| Securities available for sale | 44,502,000 | 49,671,000 | 54,667,000 | 52,829,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,189,000 | 99,006,000 | 104,035,000 | 102,473,000 |
| Interest-bearing deposits | 92,115,000 | 91,409,000 | 96,051,000 | 95,361,000 |
| Noninterest-bearing deposits | 6,074,000 | 7,597,000 | 7,984,000 | 7,112,000 |
| Equity capital | 14,484,000 | 14,703,000 | 14,902,000 | 13,682,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,066,000 | 2,129,000 | 3,209,000 | 4,240,000 |
| Interest expense | 139,000 | 280,000 | 420,000 | 562,000 |
| Net interest income | 927,000 | 1,849,000 | 2,789,000 | 3,678,000 |
| Noninterest income | 78,000 | 125,000 | 197,000 | 84,000 |
| Noninterest expense | 758,000 | 1,505,000 | 2,254,000 | 3,032,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 73,000 |
| Pretax income | 244,000 | 453,000 | 701,000 | 736,000 |
| Income tax | 11,000 | 42,000 | 54,000 | 2,000 |
| Net income | 233,000 | 411,000 | 647,000 | 734,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,827,000 | 13,913,000 | 14,086,000 | 13,947,000 |
| Total capital | 14,365,000 | 14,473,000 | 14,670,000 | 14,447,000 |
| Risk-weighted assets | 84,436,000 | 84,542,000 | 82,355,000 | 83,247,000 |