Call reports 2003
NORTHERN MICHIGAN BANK & TRUST — 2003
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 152,228,000 | 163,045,000 | 158,544,000 | 158,181,000 |
| Total loans | 115,343,000 | 116,870,000 | 119,745,000 | 121,459,000 |
| Allowance for loan losses | 1,534,000 | 1,560,000 | 1,609,000 | 1,698,000 |
| Securities available for sale | 16,243,000 | 22,479,000 | 20,707,000 | 17,699,000 |
| Securities held to maturity | 140,000 | 137,000 | 134,000 | 124,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 134,401,000 | 144,575,000 | 140,067,000 | 139,503,000 |
| Interest-bearing deposits | 117,379,000 | 118,161,000 | 121,638,000 | 119,923,000 |
| Noninterest-bearing deposits | 17,022,000 | 26,414,000 | 18,429,000 | 19,581,000 |
| Equity capital | 12,128,000 | 12,435,000 | 12,518,000 | 12,791,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,439,000 | 4,985,000 | 7,385,000 | 9,571,000 |
| Interest expense | 627,000 | 1,246,000 | 1,849,000 | 2,431,000 |
| Net interest income | 1,812,000 | 3,739,000 | 5,536,000 | 7,140,000 |
| Noninterest income | 614,000 | 1,278,000 | 1,959,000 | 2,770,000 |
| Noninterest expense | 1,600,000 | 3,219,000 | 4,920,000 | 6,586,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 676,000 | 1,510,000 | 2,137,000 | 2,736,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 676,000 | 1,510,000 | 2,137,000 | 2,736,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,903,000 | 12,269,000 | 12,481,000 | 12,719,000 |
| Total capital | 13,437,000 | 13,829,000 | 14,090,000 | 14,417,000 |
| Risk-weighted assets | 129,335,000 | 136,225,000 | 135,740,000 | 136,702,000 |