Call reports 2014
FIRST STATE BANK OF MICHIGAN — 2014
What FIRST STATE BANK OF MICHIGAN 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 | 58,100,000 | 55,688,000 | 56,008,000 | 56,573,000 |
| Total loans | 30,481,000 | 30,406,000 | 30,758,000 | 29,823,000 |
| Allowance for loan losses | 460,000 | 457,000 | 459,000 | 445,000 |
| Securities available for sale | 17,441,000 | 17,875,000 | 17,549,000 | 19,435,000 |
| Securities held to maturity | 820,000 | 705,000 | 705,000 | 705,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,351,000 | 44,789,000 | 44,968,000 | 45,471,000 |
| Interest-bearing deposits | 42,038,000 | 39,250,000 | 40,043,000 | 40,516,000 |
| Noninterest-bearing deposits | 5,313,000 | 5,539,000 | 4,925,000 | 4,955,000 |
| Equity capital | 10,586,000 | 10,696,000 | 10,792,000 | 10,714,000 |
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 | 511,000 | 1,026,000 | 1,545,000 | 2,057,000 |
| Interest expense | 70,000 | 137,000 | 204,000 | 267,000 |
| Net interest income | 441,000 | 889,000 | 1,341,000 | 1,790,000 |
| Noninterest income | 49,000 | 100,000 | 149,000 | 161,000 |
| Noninterest expense | 403,000 | 820,000 | 1,218,000 | 1,632,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 87,000 | 169,000 | 272,000 | 319,000 |
| Income tax | 10,000 | 19,000 | 25,000 | 23,000 |
| Net income | 77,000 | 150,000 | 247,000 | 296,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,504,000 | 10,577,000 | 10,674,000 | 10,600,000 |
| Total capital | 10,834,000 | 10,902,000 | 11,003,000 | 10,927,000 |
| Risk-weighted assets | 26,236,000 | 25,829,000 | 26,214,000 | 26,043,000 |