Call reports 2008
NORTHERN MICHIGAN BANK & TRUST — 2008
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 196,623,000 | 200,519,000 | 205,214,000 | 210,680,000 |
| Total loans | 147,991,000 | 151,481,000 | 156,279,000 | 158,693,000 |
| Allowance for loan losses | 2,168,000 | 2,134,000 | 2,138,000 | 2,090,000 |
| Securities available for sale | 26,947,000 | 34,634,000 | 33,914,000 | 33,522,000 |
| Securities held to maturity | 77,000 | 77,000 | 76,000 | 76,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 176,709,000 | 180,606,000 | 182,364,000 | 189,462,000 |
| Interest-bearing deposits | 157,587,000 | 159,566,000 | 162,029,000 | 171,721,000 |
| Noninterest-bearing deposits | 19,122,000 | 21,040,000 | 20,335,000 | 17,741,000 |
| Equity capital | 16,876,000 | 16,046,000 | 16,517,000 | 17,540,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,248,000 | 6,331,000 | 9,447,000 | 12,489,000 |
| Interest expense | 1,352,000 | 2,568,000 | 3,762,000 | 4,915,000 |
| Net interest income | 1,896,000 | 3,763,000 | 5,685,000 | 7,574,000 |
| Noninterest income | 588,000 | 1,151,000 | 1,700,000 | 2,327,000 |
| Noninterest expense | 2,072,000 | 4,003,000 | 5,946,000 | 7,671,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 170,000 |
| Pretax income | 382,000 | 851,000 | 1,349,000 | 2,060,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 382,000 | 851,000 | 1,349,000 | 2,060,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,108,000 | 16,148,000 | 16,342,000 | 16,745,000 |
| Total capital | 18,161,000 | 18,261,000 | 18,480,000 | 18,835,000 |
| Risk-weighted assets | 164,156,000 | 169,033,000 | 173,568,000 | 177,315,000 |