Call reports 2019
FIRST STATE BANK OF MICHIGAN — 2019
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 53,930,000 | 52,198,000 | 52,204,000 | 51,117,000 |
| Total loans | 30,494,000 | 30,265,000 | 30,564,000 | 30,431,000 |
| Allowance for loan losses | 415,000 | 419,000 | 425,000 | 432,000 |
| Securities available for sale | 17,251,000 | 16,332,000 | 15,623,000 | 14,827,000 |
| Securities held to maturity | 791,000 | 782,000 | 773,000 | 764,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,751,000 | 40,438,000 | 40,565,000 | 38,472,000 |
| Interest-bearing deposits | 35,009,000 | 33,513,000 | 32,800,000 | 31,873,000 |
| Noninterest-bearing deposits | 6,742,000 | 6,925,000 | 7,765,000 | 6,599,000 |
| Equity capital | 10,797,000 | 11,126,000 | 11,322,000 | 11,262,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 518,000 | 1,043,000 | 1,573,000 | 2,076,000 |
| Interest expense | 46,000 | 84,000 | 121,000 | 164,000 |
| Net interest income | 472,000 | 959,000 | 1,452,000 | 1,912,000 |
| Noninterest income | 37,000 | 82,000 | 120,000 | 132,000 |
| Noninterest expense | 385,000 | 784,000 | 1,159,000 | 1,540,000 |
| Provision for loan losses | 3,000 | 7,000 | 13,000 | 19,000 |
| Pretax income | 121,000 | 250,000 | 400,000 | 485,000 |
| Income tax | 10,000 | 25,000 | 42,000 | 47,000 |
| Net income | 111,000 | 225,000 | 358,000 | 438,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,803,000 | 10,917,000 | 11,051,000 | 10,980,000 |
| Total capital | 11,121,000 | 11,229,000 | 11,362,000 | 11,284,000 |
| Risk-weighted assets | 25,358,000 | 24,885,000 | 24,776,000 | 24,216,000 |