Call reports 2012
FIRST STATE BANK OF MICHIGAN — 2012
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 58,502,000 | 55,167,000 | 54,362,000 | 54,468,000 |
| Total loans | 32,205,000 | 31,808,000 | 30,891,000 | 30,280,000 |
| Allowance for loan losses | 527,000 | 521,000 | 521,000 | 523,000 |
| Securities available for sale | 15,659,000 | 15,546,000 | 14,975,000 | 14,715,000 |
| Securities held to maturity | 822,000 | 822,000 | 821,000 | 821,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,806,000 | 44,313,000 | 43,345,000 | 43,406,000 |
| Interest-bearing deposits | 43,402,000 | 40,110,000 | 39,272,000 | 38,655,000 |
| Noninterest-bearing deposits | 4,404,000 | 4,203,000 | 4,073,000 | 4,751,000 |
| Equity capital | 10,385,000 | 10,536,000 | 10,641,000 | 10,415,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 603,000 | 1,192,000 | 1,761,000 | 2,322,000 |
| Interest expense | 107,000 | 207,000 | 303,000 | 391,000 |
| Net interest income | 496,000 | 985,000 | 1,458,000 | 1,931,000 |
| Noninterest income | 75,000 | 162,000 | 236,000 | 297,000 |
| Noninterest expense | 382,000 | 787,000 | 1,196,000 | 1,580,000 |
| Provision for loan losses | 20,000 | 20,000 | 60,000 | 60,000 |
| Pretax income | 169,000 | 341,000 | 438,000 | 588,000 |
| Income tax | 36,000 | 73,000 | 80,000 | 67,000 |
| Net income | 133,000 | 268,000 | 358,000 | 521,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,198,000 | 10,334,000 | 10,424,000 | 10,395,000 |
| Total capital | 10,551,000 | 10,673,000 | 10,753,000 | 10,723,000 |
| Risk-weighted assets | 28,047,000 | 26,955,000 | 26,103,000 | 26,063,000 |