Call reports 2013
FIRST STATE BANK OF MICHIGAN — 2013
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 56,550,000 | 56,235,000 | 56,359,000 | 55,357,000 |
| Total loans | 29,734,000 | 29,167,000 | 30,592,000 | 30,874,000 |
| Allowance for loan losses | 526,000 | 478,000 | 442,000 | 447,000 |
| Securities available for sale | 18,109,000 | 16,909,000 | 17,825,000 | 17,096,000 |
| Securities held to maturity | 821,000 | 821,000 | 821,000 | 821,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,673,000 | 45,591,000 | 45,562,000 | 44,460,000 |
| Interest-bearing deposits | 41,463,000 | 40,242,000 | 40,087,000 | 39,533,000 |
| Noninterest-bearing deposits | 4,210,000 | 5,349,000 | 5,475,000 | 4,927,000 |
| Equity capital | 10,516,000 | 10,430,000 | 10,540,000 | 10,510,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 534,000 | 1,049,000 | 1,596,000 | 2,120,000 |
| Interest expense | 80,000 | 157,000 | 234,000 | 310,000 |
| Net interest income | 454,000 | 892,000 | 1,362,000 | 1,810,000 |
| Noninterest income | 28,000 | 78,000 | 166,000 | 264,000 |
| Noninterest expense | 384,000 | 789,000 | 1,170,000 | 1,564,000 |
| Provision for loan losses | 0 | 0 | 0 | 12,000 |
| Pretax income | 98,000 | 181,000 | 358,000 | 498,000 |
| Income tax | 12,000 | 19,000 | 45,000 | 74,000 |
| Net income | 86,000 | 162,000 | 313,000 | 424,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,481,000 | 10,287,000 | 10,438,000 | 10,427,000 |
| Total capital | 10,811,000 | 10,609,000 | 10,774,000 | 10,764,000 |
| Risk-weighted assets | 26,195,000 | 25,571,000 | 26,736,000 | 26,836,000 |