Call reports 2025
FIRST STATE BANK OF MICHIGAN — 2025
What FIRST STATE BANK OF MICHIGAN reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 63,684,000 | 62,253,000 | 65,298,000 | 80,549,000 |
| Total loans | 26,249,000 | 29,722,000 | 34,019,000 | 43,938,000 |
| Allowance for loan losses | 349,000 | 397,000 | 447,000 | 542,000 |
| Securities available for sale | 6,705,000 | 6,638,000 | 6,697,000 | 6,637,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,419,000 | 46,180,000 | 49,274,000 | 64,805,000 |
| Interest-bearing deposits | 39,420,000 | 36,811,000 | 40,774,000 | 56,342,000 |
| Noninterest-bearing deposits | 8,999,000 | 9,369,000 | 8,500,000 | 8,463,000 |
| Equity capital | 15,063,000 | 15,860,000 | 15,737,000 | 15,500,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 772,000 | 1,632,000 | 2,535,000 | 3,483,000 |
| Interest expense | 139,000 | 270,000 | 460,000 | 706,000 |
| Net interest income | 633,000 | 1,362,000 | 2,075,000 | 2,777,000 |
| Noninterest income | 28,000 | 61,000 | 91,000 | 120,000 |
| Noninterest expense | 903,000 | 1,796,000 | 2,728,000 | 3,619,000 |
| Provision for loan losses | 0 | 62,000 | 112,000 | 208,000 |
| Pretax income | -266,000 | -459,000 | -698,000 | -982,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -266,000 | -459,000 | -698,000 | -982,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,404,000 | 12,248,000 | 12,045,000 | 11,798,000 |