Call reports 2023
FIRST STATE BANK OF MICHIGAN — 2023
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 57,023,000 | 53,618,000 | 51,669,000 | 53,011,000 |
| Total loans | 26,296,000 | 25,880,000 | 26,566,000 | 27,605,000 |
| Allowance for loan losses | 372,000 | 373,000 | 373,000 | 373,000 |
| Securities available for sale | 18,626,000 | 18,188,000 | 17,706,000 | 18,261,000 |
| Securities held to maturity | 4,446,000 | 4,442,000 | 3,438,000 | 2,936,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,384,000 | 43,095,000 | 41,356,000 | 40,068,000 |
| Interest-bearing deposits | 38,633,000 | 34,662,000 | 34,035,000 | 33,762,000 |
| Noninterest-bearing deposits | 7,751,000 | 8,433,000 | 7,321,000 | 6,306,000 |
| Equity capital | 10,437,000 | 10,248,000 | 10,060,000 | 10,472,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 491,000 | 1,002,000 | 1,509,000 | 2,054,000 |
| Interest expense | 37,000 | 83,000 | 156,000 | 274,000 |
| Net interest income | 454,000 | 919,000 | 1,353,000 | 1,780,000 |
| Noninterest income | 31,000 | 66,000 | 109,000 | 141,000 |
| Noninterest expense | 425,000 | 925,000 | 1,333,000 | 1,791,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 60,000 | 60,000 | 129,000 | 130,000 |
| Income tax | 1,000 | -14,000 | -11,000 | -23,000 |
| Net income | 59,000 | 74,000 | 140,000 | 153,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,528,000 | 11,544,000 | 11,610,000 | 11,472,000 |