Call reports 2014
MACKINAC SAVINGS BANK, F.S.B. — 2014
What MACKINAC SAVINGS BANK, F.S.B. reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 111,043,000 | 111,020,000 | 110,861,000 | 110,050,000 |
| Total loans | 47,002,000 | 49,894,000 | 46,351,000 | 47,913,000 |
| Allowance for loan losses | 376,000 | 370,000 | 389,000 | 406,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,597,000 | 101,618,000 | 101,537,000 | 100,695,000 |
| Interest-bearing deposits | 99,682,000 | 99,426,000 | 99,155,000 | 98,930,000 |
| Noninterest-bearing deposits | 1,915,000 | 2,192,000 | 2,382,000 | 1,765,000 |
| Equity capital | 8,856,000 | 8,772,000 | 8,644,000 | 8,668,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 709,000 | 1,415,000 | 2,144,000 | 2,876,000 |
| Interest expense | 105,000 | 210,000 | 322,000 | 440,000 |
| Net interest income | 604,000 | 1,205,000 | 1,822,000 | 2,436,000 |
| Noninterest income | 511,000 | 1,136,000 | 1,745,000 | 2,456,000 |
| Noninterest expense | 1,296,000 | 2,595,000 | 3,940,000 | 5,235,000 |
| Provision for loan losses | -115,000 | -103,000 | -95,000 | -89,000 |
| Pretax income | -66,000 | -151,000 | -278,000 | -254,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -66,000 | -151,000 | -278,000 | -254,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,788,000 | 8,698,000 | 8,563,000 | 8,582,000 |
| Total capital | 9,111,000 | 9,037,000 | 8,882,000 | 8,908,000 |
| Risk-weighted assets | 25,783,000 | 27,111,000 | 25,410,000 | 26,011,000 |
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