Call reports 2017
NORTHERN MICHIGAN BANK & TRUST — 2017
What NORTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 |
|---|---|---|---|
| Total assets | 252,483,000 | 262,005,000 | 261,776,000 |
| Total loans | 167,200,000 | 170,987,000 | 175,427,000 |
| Allowance for loan losses | 691,000 | 787,000 | 891,000 |
| Securities available for sale | 42,102,000 | 40,390,000 | 42,941,000 |
| Securities held to maturity | 1,139,000 | 1,035,000 | 1,035,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 214,808,000 | 223,593,000 | 222,901,000 |
| Interest-bearing deposits | 177,620,000 | 183,224,000 | 180,565,000 |
| Noninterest-bearing deposits | 37,188,000 | 40,369,000 | 42,336,000 |
| Equity capital | 34,556,000 | 35,025,000 | 35,383,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 |
|---|---|---|---|
| Interest income | 2,375,000 | 4,897,000 | 7,497,000 |
| Interest expense | 90,000 | 268,000 | 451,000 |
| Net interest income | 2,285,000 | 4,629,000 | 7,046,000 |
| Noninterest income | 929,000 | 1,625,000 | 2,316,000 |
| Noninterest expense | 2,380,000 | 4,674,000 | 6,931,000 |
| Provision for loan losses | 260,000 | 380,000 | 500,000 |
| Pretax income | 574,000 | 1,200,000 | 1,931,000 |
| Income tax | 0 | 0 | 0 |
| Net income | 574,000 | 1,200,000 | 1,931,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 |
|---|---|---|---|
| Tier 1 capital | 22,537,000 | 22,920,000 | 23,308,000 |
| Total capital | 23,228,000 | 23,707,000 | 24,199,000 |
| Risk-weighted assets | 187,667,000 | 181,586,000 | 183,513,000 |