Call reports 2022
FIRST STATE BANK OF MICHIGAN — 2022
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 60,239,000 | 55,935,000 | 57,528,000 | 55,905,000 |
| Total loans | 26,619,000 | 26,875,000 | 26,941,000 | 26,921,000 |
| Allowance for loan losses | 440,000 | 440,000 | 422,000 | 399,000 |
| Securities available for sale | 22,000,000 | 20,447,000 | 19,339,000 | 18,397,000 |
| Securities held to maturity | 686,000 | 3,965,000 | 3,959,000 | 4,452,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,320,000 | 45,408,000 | 47,407,000 | 45,473,000 |
| Interest-bearing deposits | 40,132,000 | 36,685,000 | 38,277,000 | 35,474,000 |
| Noninterest-bearing deposits | 9,188,000 | 8,723,000 | 9,130,000 | 9,999,000 |
| Equity capital | 10,736,000 | 10,266,000 | 9,917,000 | 10,059,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 424,000 | 871,000 | 1,341,000 | 1,846,000 |
| Interest expense | 32,000 | 64,000 | 96,000 | 129,000 |
| Net interest income | 392,000 | 807,000 | 1,245,000 | 1,717,000 |
| Noninterest income | 32,000 | 64,000 | 97,000 | 261,000 |
| Noninterest expense | 405,000 | 784,000 | 1,164,000 | 1,587,000 |
| Provision for loan losses | 0 | 0 | -15,000 | -30,000 |
| Pretax income | 19,000 | 87,000 | 193,000 | 317,000 |
| Income tax | -13,000 | -11,000 | 1,000 | 7,000 |
| Net income | 32,000 | 98,000 | 192,000 | 310,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,340,000 | 11,405,000 | 11,500,000 | 11,467,000 |