Call reports 2020
FIRST STATE BANK OF MICHIGAN — 2020
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 52,405,000 | 54,267,000 | 55,613,000 | 55,908,000 |
| Total loans | 29,914,000 | 28,677,000 | 28,677,000 | 28,082,000 |
| Allowance for loan losses | 441,000 | 438,000 | 444,000 | 445,000 |
| Securities available for sale | 14,113,000 | 15,097,000 | 14,322,000 | 14,018,000 |
| Securities held to maturity | 756,000 | 748,000 | 737,000 | 728,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,225,000 | 42,198,000 | 43,480,000 | 43,755,000 |
| Interest-bearing deposits | 33,528,000 | 33,996,000 | 35,147,000 | 34,754,000 |
| Noninterest-bearing deposits | 6,697,000 | 8,202,000 | 8,333,000 | 9,001,000 |
| Equity capital | 10,993,000 | 11,672,000 | 11,771,000 | 11,746,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 502,000 | 969,000 | 1,429,000 | 1,900,000 |
| Interest expense | 45,000 | 83,000 | 120,000 | 157,000 |
| Net interest income | 457,000 | 886,000 | 1,309,000 | 1,743,000 |
| Noninterest income | 40,000 | 71,000 | 105,000 | 137,000 |
| Noninterest expense | 397,000 | 773,000 | 1,158,000 | 1,514,000 |
| Provision for loan losses | 9,000 | 18,000 | 24,000 | 24,000 |
| Pretax income | 91,000 | 166,000 | 232,000 | 342,000 |
| Income tax | 6,000 | 8,000 | 14,000 | 6,000 |
| Net income | 85,000 | 158,000 | 218,000 | 336,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,066,000 | 11,138,000 | 11,199,000 | 11,166,000 |