Call reports 2017
FIRST STATE BANK OF MICHIGAN — 2017
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 57,182,000 | 55,811,000 | 56,256,000 | 52,897,000 |
| Total loans | 29,314,000 | 29,180,000 | 28,359,000 | 27,685,000 |
| Allowance for loan losses | 452,000 | 450,000 | 455,000 | 452,000 |
| Securities available for sale | 21,721,000 | 21,898,000 | 21,065,000 | 20,359,000 |
| Securities held to maturity | 864,000 | 855,000 | 844,000 | 834,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,946,000 | 44,201,000 | 44,568,000 | 42,276,000 |
| Interest-bearing deposits | 40,431,000 | 37,893,000 | 37,119,000 | 36,319,000 |
| Noninterest-bearing deposits | 5,515,000 | 6,308,000 | 7,449,000 | 5,957,000 |
| Equity capital | 11,101,000 | 11,381,000 | 11,450,000 | 10,328,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 494,000 | 997,000 | 1,500,000 | 1,993,000 |
| Interest expense | 39,000 | 76,000 | 113,000 | 149,000 |
| Net interest income | 455,000 | 921,000 | 1,387,000 | 1,844,000 |
| Noninterest income | 40,000 | 66,000 | 106,000 | 188,000 |
| Noninterest expense | 399,000 | 796,000 | 1,186,000 | 1,590,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 96,000 | 191,000 | 307,000 | 442,000 |
| Income tax | 10,000 | 17,000 | 33,000 | 102,000 |
| Net income | 86,000 | 174,000 | 274,000 | 340,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,192,000 | 11,281,000 | 11,381,000 | 10,342,000 |
| Total capital | 11,522,000 | 11,609,000 | 11,704,000 | 10,654,000 |
| Risk-weighted assets | 26,357,000 | 26,171,000 | 25,771,000 | 24,829,000 |