Call reports 2018
FIRST STATE BANK OF MICHIGAN — 2018
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 54,590,000 | 53,744,000 | 53,978,000 | 54,152,000 |
| Total loans | 27,970,000 | 28,735,000 | 28,914,000 | 30,053,000 |
| Allowance for loan losses | 447,000 | 451,000 | 451,000 | 448,000 |
| Securities available for sale | 20,335,000 | 19,579,000 | 18,233,000 | 17,758,000 |
| Securities held to maturity | 824,000 | 816,000 | 806,000 | 798,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,223,000 | 40,856,000 | 41,607,000 | 41,503,000 |
| Interest-bearing deposits | 37,959,000 | 34,383,000 | 35,151,000 | 34,179,000 |
| Noninterest-bearing deposits | 6,264,000 | 6,473,000 | 6,456,000 | 7,324,000 |
| Equity capital | 10,215,000 | 10,270,000 | 10,296,000 | 10,494,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 489,000 | 988,000 | 1,500,000 | 2,039,000 |
| Interest expense | 34,000 | 70,000 | 122,000 | 172,000 |
| Net interest income | 455,000 | 918,000 | 1,378,000 | 1,867,000 |
| Noninterest income | 39,000 | 21,000 | 66,000 | 105,000 |
| Noninterest expense | 398,000 | 773,000 | 1,138,000 | 1,542,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 96,000 | 166,000 | 305,000 | 429,000 |
| Income tax | 4,000 | 3,000 | 18,000 | 29,000 |
| Net income | 92,000 | 163,000 | 287,000 | 400,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,513,000 | 10,585,000 | 10,708,000 | 10,692,000 |
| Total capital | 10,828,000 | 10,902,000 | 11,020,000 | 11,011,000 |
| Risk-weighted assets | 25,125,000 | 25,266,000 | 24,849,000 | 25,449,000 |