Call reports 2007
NORTHERN MICHIGAN BANK & TRUST — 2007
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 175,811,000 | 186,088,000 | 194,398,000 | 198,603,000 |
| Total loans | 136,218,000 | 140,241,000 | 142,118,000 | 146,246,000 |
| Allowance for loan losses | 2,181,000 | 2,190,000 | 2,189,000 | 2,207,000 |
| Securities available for sale | 24,150,000 | 23,959,000 | 25,081,000 | 26,205,000 |
| Securities held to maturity | 583,000 | 583,000 | 83,000 | 77,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,195,000 | 167,194,000 | 174,228,000 | 178,150,000 |
| Interest-bearing deposits | 136,821,000 | 146,464,000 | 150,842,000 | 156,663,000 |
| Noninterest-bearing deposits | 19,374,000 | 20,730,000 | 23,386,000 | 21,487,000 |
| Equity capital | 15,410,000 | 15,491,000 | 16,114,000 | 16,497,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,013,000 | 6,261,000 | 9,557,000 | 12,962,000 |
| Interest expense | 1,225,000 | 2,515,000 | 3,882,000 | 5,304,000 |
| Net interest income | 1,788,000 | 3,746,000 | 5,675,000 | 7,658,000 |
| Noninterest income | 585,000 | 1,188,000 | 1,770,000 | 2,396,000 |
| Noninterest expense | 1,928,000 | 3,864,000 | 5,739,000 | 7,672,000 |
| Provision for loan losses | 0 | 25,000 | 62,000 | 100,000 |
| Pretax income | 443,000 | 1,047,000 | 1,646,000 | 2,284,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 443,000 | 1,047,000 | 1,646,000 | 2,284,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,212,000 | 15,525,000 | 15,776,000 | 16,032,000 |
| Total capital | 17,187,000 | 17,584,000 | 17,869,000 | 18,209,000 |
| Risk-weighted assets | 157,806,000 | 164,550,000 | 167,328,000 | 174,117,000 |