Call reports 2015
FIRST STATE BANK OF MICHIGAN — 2015
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 61,316,000 | 56,587,000 | 56,757,000 | 56,101,000 |
| Total loans | 29,922,000 | 29,384,000 | 30,075,000 | 30,195,000 |
| Allowance for loan losses | 450,000 | 452,000 | 452,000 | 455,000 |
| Securities available for sale | 20,927,000 | 21,043,000 | 22,143,000 | 22,335,000 |
| Securities held to maturity | 705,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,321,000 | 45,553,000 | 45,483,000 | 44,767,000 |
| Interest-bearing deposits | 44,994,000 | 40,718,000 | 39,181,000 | 39,044,000 |
| Noninterest-bearing deposits | 5,327,000 | 4,835,000 | 6,302,000 | 5,723,000 |
| Equity capital | 10,838,000 | 10,783,000 | 10,957,000 | 10,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 502,000 | 1,005,000 | 1,501,000 | 2,013,000 |
| Interest expense | 51,000 | 95,000 | 138,000 | 179,000 |
| Net interest income | 451,000 | 910,000 | 1,363,000 | 1,834,000 |
| Noninterest income | 51,000 | 100,000 | 147,000 | 225,000 |
| Noninterest expense | 402,000 | 808,000 | 1,204,000 | 1,615,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 100,000 | 202,000 | 307,000 | 445,000 |
| Income tax | 12,000 | 21,000 | 29,000 | 46,000 |
| Net income | 88,000 | 181,000 | 278,000 | 399,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,688,000 | 10,781,000 | 10,878,000 | 10,866,000 |
| Total capital | 11,021,000 | 11,108,000 | 11,216,000 | 11,207,000 |
| Risk-weighted assets | 26,555,000 | 26,113,000 | 26,988,000 | 27,187,000 |