Call reports 2004
NORTHERN MICHIGAN BANK & TRUST — 2004
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 156,458,000 | 160,512,000 | 162,752,000 | 161,204,000 |
| Total loans | 122,336,000 | 126,037,000 | 131,181,000 | 127,964,000 |
| Allowance for loan losses | 1,815,000 | 1,967,000 | 2,024,000 | 2,035,000 |
| Securities available for sale | 15,911,000 | 13,985,000 | 12,938,000 | 12,580,000 |
| Securities held to maturity | 122,000 | 120,000 | 118,000 | 108,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,786,000 | 141,767,000 | 139,948,000 | 141,400,000 |
| Interest-bearing deposits | 119,297,000 | 120,749,000 | 121,450,000 | 121,535,000 |
| Noninterest-bearing deposits | 18,489,000 | 21,018,000 | 18,498,000 | 19,865,000 |
| Equity capital | 12,907,000 | 12,795,000 | 13,260,000 | 13,583,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,161,000 | 4,364,000 | 6,691,000 | 9,063,000 |
| Interest expense | 563,000 | 1,127,000 | 1,702,000 | 2,320,000 |
| Net interest income | 1,598,000 | 3,237,000 | 4,989,000 | 6,743,000 |
| Noninterest income | 580,000 | 1,165,000 | 1,732,000 | 2,485,000 |
| Noninterest expense | 1,715,000 | 3,399,000 | 4,965,000 | 6,736,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 550,000 |
| Pretax income | 313,000 | 703,000 | 1,307,000 | 1,942,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 313,000 | 703,000 | 1,307,000 | 1,942,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,742,000 | 12,841,000 | 13,154,000 | 13,494,000 |
| Total capital | 14,459,000 | 14,608,000 | 14,983,000 | 15,301,000 |
| Risk-weighted assets | 137,275,000 | 141,176,000 | 146,115,000 | 144,328,000 |