Call reports 2024
BANK OF ANN ARBOR — 2024
What BANK OF ANN ARBOR 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 | 3,042,317,000 | 3,136,156,000 | 3,150,538,000 | 3,185,649,000 |
| Total loans | 2,461,948,000 | 2,551,365,000 | 2,517,390,000 | 2,530,934,000 |
| Allowance for loan losses | 26,267,000 | 26,850,000 | 27,534,000 | 28,223,000 |
| Securities available for sale | 95,662,000 | 88,605,000 | 89,840,000 | 125,309,000 |
| Securities held to maturity | 183,112,000 | 175,733,000 | 172,304,000 | 166,036,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,543,009,000 | 2,458,732,000 | 2,635,456,000 | 2,598,520,000 |
| Interest-bearing deposits | 1,692,726,000 | 1,542,523,000 | 1,708,213,000 | 1,692,614,000 |
| Noninterest-bearing deposits | 850,283,000 | 916,209,000 | 927,243,000 | 905,906,000 |
| Equity capital | 402,451,000 | 411,911,000 | 421,858,000 | 431,637,000 |
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 | 40,234,000 | 81,850,000 | 126,012,000 | 169,563,000 |
| Interest expense | 11,924,000 | 24,710,000 | 38,109,000 | 50,651,000 |
| Net interest income | 28,310,000 | 57,140,000 | 87,903,000 | 118,912,000 |
| Noninterest income | 4,370,000 | 8,941,000 | 13,702,000 | 17,097,000 |
| Noninterest expense | 16,784,000 | 33,888,000 | 51,119,000 | 72,362,000 |
| Provision for loan losses | 906,000 | 1,028,000 | 1,675,000 | 2,402,000 |
| Pretax income | 15,470,000 | 31,303,000 | 49,499,000 | 61,560,000 |
| Income tax | 3,151,000 | 6,384,000 | 10,121,000 | 12,211,000 |
| Net income | 12,319,000 | 24,919,000 | 39,378,000 | 49,349,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 341,211,000 | 350,361,000 | 358,648,000 | 369,084,000 |
| Total capital | 371,337,000 | 381,648,000 | 390,069,000 | 401,567,000 |
| Risk-weighted assets | 2,890,946,000 | 2,998,400,000 | 2,941,130,000 | 2,983,161,000 |