Call reports 2021
FIRST STATE BANK OF MICHIGAN — 2021
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 59,490,000 | 60,613,000 | 59,593,000 | 60,036,000 |
| Total loans | 27,595,000 | 26,755,000 | 27,472,000 | 26,927,000 |
| Allowance for loan losses | 440,000 | 440,000 | 440,000 | 439,000 |
| Securities available for sale | 16,897,000 | 15,506,000 | 20,549,000 | 23,361,000 |
| Securities held to maturity | 718,000 | 708,000 | 700,000 | 692,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,562,000 | 48,490,000 | 47,476,000 | 48,112,000 |
| Interest-bearing deposits | 38,716,000 | 38,596,000 | 37,866,000 | 37,217,000 |
| Noninterest-bearing deposits | 8,846,000 | 9,894,000 | 9,610,000 | 10,895,000 |
| Equity capital | 11,706,000 | 11,792,000 | 11,840,000 | 11,570,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 471,000 | 907,000 | 1,351,000 | 1,783,000 |
| Interest expense | 36,000 | 71,000 | 108,000 | 141,000 |
| Net interest income | 435,000 | 836,000 | 1,243,000 | 1,642,000 |
| Noninterest income | 34,000 | 66,000 | 101,000 | 145,000 |
| Noninterest expense | 363,000 | 717,000 | 1,080,000 | 1,482,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 106,000 | 185,000 | 264,000 | 305,000 |
| Income tax | 7,000 | 13,000 | 16,000 | 13,000 |
| Net income | 99,000 | 172,000 | 248,000 | 292,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,265,000 | 11,338,000 | 11,414,000 | 11,307,000 |