Call reports 2004
BANK MICHIGAN — 2004
What BANK MICHIGAN reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 63,306,000 | 64,523,000 | 64,681,000 | 64,932,000 |
| Total loans | 46,362,000 | 45,485,000 | 45,680,000 | 46,670,000 |
| Allowance for loan losses | 547,000 | 571,000 | 552,000 | 566,000 |
| Securities available for sale | 7,942,000 | 8,788,000 | 9,283,000 | 7,719,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,279,000 | 57,421,000 | 57,441,000 | 57,761,000 |
| Interest-bearing deposits | 47,919,000 | 48,493,000 | 48,346,000 | 48,043,000 |
| Noninterest-bearing deposits | 8,360,000 | 8,928,000 | 9,095,000 | 9,718,000 |
| Equity capital | 6,852,000 | 6,874,000 | 7,020,000 | 6,821,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 882,000 | 1,744,000 | 2,614,000 | 3,491,000 |
| Interest expense | 205,000 | 408,000 | 604,000 | 806,000 |
| Net interest income | 677,000 | 1,336,000 | 2,010,000 | 2,685,000 |
| Noninterest income | 140,000 | 311,000 | 489,000 | 637,000 |
| Noninterest expense | 585,000 | 1,145,000 | 1,747,000 | 2,554,000 |
| Provision for loan losses | 30,000 | 60,000 | 93,000 | 126,000 |
| Pretax income | 202,000 | 442,000 | 659,000 | 642,000 |
| Income tax | 68,000 | 145,000 | 219,000 | 212,000 |
| Net income | 134,000 | 297,000 | 440,000 | 430,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,756,000 | 6,853,000 | 7,011,000 | 6,812,000 |
| Total capital | 7,303,000 | 7,424,000 | 7,563,000 | 7,378,000 |
| Risk-weighted assets | 44,867,000 | 52,608,000 | 52,861,000 | 54,064,000 |