Call reports 2016
FIRST STATE BANK OF MICHIGAN — 2016
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 58,310,000 | 56,482,000 | 55,958,000 | 55,202,000 |
| Total loans | 30,473,000 | 29,968,000 | 29,042,000 | 29,381,000 |
| Allowance for loan losses | 458,000 | 444,000 | 455,000 | 453,000 |
| Securities available for sale | 21,231,000 | 20,126,000 | 19,597,000 | 19,677,000 |
| Securities held to maturity | 920,000 | 905,000 | 889,000 | 875,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,047,000 | 44,908,000 | 44,324,000 | 43,884,000 |
| Interest-bearing deposits | 41,489,000 | 39,787,000 | 38,636,000 | 37,566,000 |
| Noninterest-bearing deposits | 5,558,000 | 5,121,000 | 5,688,000 | 6,318,000 |
| Equity capital | 11,102,000 | 11,324,000 | 11,374,000 | 11,017,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 507,000 | 1,013,000 | 1,504,000 | 2,002,000 |
| Interest expense | 40,000 | 78,000 | 116,000 | 156,000 |
| Net interest income | 467,000 | 935,000 | 1,388,000 | 1,846,000 |
| Noninterest income | 29,000 | 75,000 | 122,000 | 162,000 |
| Noninterest expense | 415,000 | 815,000 | 1,206,000 | 1,561,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 81,000 | 195,000 | 304,000 | 447,000 |
| Income tax | 8,000 | 31,000 | 49,000 | 73,000 |
| Net income | 73,000 | 164,000 | 255,000 | 374,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,939,000 | 11,030,000 | 11,121,000 | 11,107,000 |
| Total capital | 11,284,000 | 11,369,000 | 11,450,000 | 11,445,000 |
| Risk-weighted assets | 27,557,000 | 27,051,000 | 26,224,000 | 26,945,000 |