Call reports 2001
BANK MICHIGAN — 2001
What BANK MICHIGAN reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 60,127,000 | 60,244,000 | 61,210,000 | 61,425,000 |
| Total loans | 43,916,000 | 43,579,000 | 44,777,000 | 42,774,000 |
| Allowance for loan losses | 571,000 | 557,000 | 551,000 | 501,000 |
| Securities available for sale | 6,226,000 | 6,238,000 | 7,458,000 | 8,682,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,340,000 | 54,339,000 | 55,122,000 | 55,357,000 |
| Interest-bearing deposits | 47,881,000 | 47,269,000 | 47,612,000 | 47,213,000 |
| Noninterest-bearing deposits | 6,459,000 | 7,070,000 | 7,510,000 | 8,144,000 |
| Equity capital | 5,463,000 | 5,612,000 | 5,774,000 | 5,770,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,188,000 | 2,349,000 | 3,481,000 | 4,538,000 |
| Interest expense | 528,000 | 1,047,000 | 1,515,000 | 1,938,000 |
| Net interest income | 660,000 | 1,302,000 | 1,966,000 | 2,600,000 |
| Noninterest income | 121,000 | 271,000 | 412,000 | 548,000 |
| Noninterest expense | 537,000 | 1,066,000 | 1,615,000 | 2,151,000 |
| Provision for loan losses | 18,000 | 36,000 | 54,000 | 72,000 |
| Pretax income | 226,000 | 471,000 | 709,000 | 925,000 |
| Income tax | 82,000 | 173,000 | 260,000 | 343,000 |
| Net income | 144,000 | 298,000 | 449,000 | 582,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,354,000 | 5,499,000 | 5,725,000 | 5,736,000 |
| Total capital | 5,880,000 | 6,032,000 | 6,236,000 | 6,237,000 |
| Risk-weighted assets | 41,765,000 | 42,589,000 | 40,844,000 | 43,532,000 |