Call reports 2014
NORTHERN MICHIGAN BANK & TRUST — 2014
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 233,294,000 | 238,499,000 | 244,824,000 | 245,578,000 |
| Total loans | 161,040,000 | 160,049,000 | 155,625,000 | 156,999,000 |
| Allowance for loan losses | 2,846,000 | 2,955,000 | 2,993,000 | 3,115,000 |
| Securities available for sale | 44,348,000 | 50,948,000 | 56,164,000 | 60,529,000 |
| Securities held to maturity | 1,457,000 | 1,354,000 | 1,354,000 | 1,346,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 211,740,000 | 216,215,000 | 222,213,000 | 220,842,000 |
| Interest-bearing deposits | 186,858,000 | 188,789,000 | 190,588,000 | 189,438,000 |
| Noninterest-bearing deposits | 24,882,000 | 27,426,000 | 31,625,000 | 31,404,000 |
| Equity capital | 18,999,000 | 19,536,000 | 19,533,000 | 19,858,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,270,000 | 4,507,000 | 6,784,000 | 9,048,000 |
| Interest expense | 316,000 | 625,000 | 915,000 | 1,179,000 |
| Net interest income | 1,954,000 | 3,882,000 | 5,869,000 | 7,869,000 |
| Noninterest income | 639,000 | 1,287,000 | 1,912,000 | 2,539,000 |
| Noninterest expense | 2,304,000 | 4,455,000 | 6,568,000 | 9,006,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 480,000 |
| Pretax income | 311,000 | 675,000 | 1,060,000 | 1,129,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 311,000 | 675,000 | 1,060,000 | 1,129,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,669,000 | 18,904,000 | 18,997,000 | 19,072,000 |
| Total capital | 20,970,000 | 21,212,000 | 21,271,000 | 21,371,000 |
| Risk-weighted assets | 183,508,000 | 183,964,000 | 181,163,000 | 183,115,000 |