Call reports 2016
MACKINAC SAVINGS BANK, F.S.B. — 2016
What MACKINAC SAVINGS BANK, F.S.B. 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 | 110,404,000 | 106,849,000 | 109,508,000 | 109,507,000 |
| Total loans | 60,934,000 | 66,695,000 | 72,016,000 | 74,020,000 |
| Allowance for loan losses | 592,000 | 479,000 | 519,000 | 550,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,814,000 | 95,805,000 | 98,170,000 | 97,974,000 |
| Interest-bearing deposits | 94,734,000 | 92,367,000 | 93,614,000 | 94,143,000 |
| Noninterest-bearing deposits | 3,080,000 | 3,438,000 | 4,556,000 | 3,831,000 |
| Equity capital | 9,072,000 | 9,295,000 | 9,540,000 | 9,560,000 |
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 | 834,000 | 1,679,000 | 2,570,000 | 3,488,000 |
| Interest expense | 123,000 | 252,000 | 381,000 | 521,000 |
| Net interest income | 711,000 | 1,427,000 | 2,189,000 | 2,967,000 |
| Noninterest income | 442,000 | 840,000 | 1,509,000 | 2,335,000 |
| Noninterest expense | 1,077,000 | 2,165,000 | 3,314,000 | 4,872,000 |
| Provision for loan losses | -62,000 | -258,000 | -222,000 | -195,000 |
| Pretax income | 138,000 | 360,000 | 606,000 | 625,000 |
| Income tax | 16,000 | 16,000 | 16,000 | 16,000 |
| Net income | 122,000 | 344,000 | 590,000 | 609,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,949,000 | 9,295,000 | 9,524,000 | 9,271,000 |
| Total capital | 9,355,000 | 9,732,000 | 9,997,000 | 9,763,000 |
| Risk-weighted assets | 32,187,000 | 34,895,000 | 37,759,000 | 39,008,000 |