Call reports 2002
NORTHERN MICHIGAN BANK & TRUST — 2002
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 132,569,000 | 139,069,000 | 149,298,000 | 153,068,000 |
| Total loans | 108,092,000 | 109,985,000 | 115,086,000 | 115,306,000 |
| Allowance for loan losses | 1,397,000 | 1,393,000 | 1,388,000 | 1,391,000 |
| Securities available for sale | 8,866,000 | 11,779,000 | 12,123,000 | 12,695,000 |
| Securities held to maturity | 135,000 | 131,000 | 129,000 | 149,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,862,000 | 122,455,000 | 132,094,000 | 135,435,000 |
| Interest-bearing deposits | 101,156,000 | 105,271,000 | 114,260,000 | 117,889,000 |
| Noninterest-bearing deposits | 14,706,000 | 17,184,000 | 17,834,000 | 17,546,000 |
| Equity capital | 10,318,000 | 10,599,000 | 11,079,000 | 11,892,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,406,000 | 4,784,000 | 7,339,000 | 10,021,000 |
| Interest expense | 822,000 | 1,597,000 | 2,351,000 | 3,052,000 |
| Net interest income | 1,584,000 | 3,187,000 | 4,988,000 | 6,969,000 |
| Noninterest income | 493,000 | 999,000 | 1,616,000 | 2,674,000 |
| Noninterest expense | 1,539,000 | 3,131,000 | 4,768,000 | 6,352,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 460,000 |
| Pretax income | 451,000 | 878,000 | 1,569,000 | 2,834,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 451,000 | 878,000 | 1,569,000 | 2,834,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,217,000 | 10,399,000 | 10,774,000 | 11,587,000 |
| Total capital | 11,603,000 | 11,792,000 | 12,162,000 | 12,978,000 |
| Risk-weighted assets | 110,887,000 | 113,672,000 | 121,556,000 | 126,229,000 |