Call reports 2005
BANK MICHIGAN — 2005
What BANK MICHIGAN reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 66,014,000 | 66,277,000 | 64,705,000 | 62,292,000 |
| Total loans | 46,873,000 | 46,343,000 | 45,014,000 | 44,939,000 |
| Allowance for loan losses | 493,000 | 510,000 | 516,000 | 508,000 |
| Securities available for sale | 7,116,000 | 8,138,000 | 8,088,000 | 8,542,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,871,000 | 59,067,000 | 57,160,000 | 54,988,000 |
| Interest-bearing deposits | 50,620,000 | 49,454,000 | 47,537,000 | 46,476,000 |
| Noninterest-bearing deposits | 8,251,000 | 9,613,000 | 9,623,000 | 8,512,000 |
| Equity capital | 6,893,000 | 6,998,000 | 7,171,000 | 6,988,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 871,000 | 1,769,000 | 2,695,000 | 3,665,000 |
| Interest expense | 213,000 | 446,000 | 682,000 | 920,000 |
| Net interest income | 658,000 | 1,323,000 | 2,013,000 | 2,745,000 |
| Noninterest income | 171,000 | 340,000 | 531,000 | 730,000 |
| Noninterest expense | 624,000 | 1,238,000 | 1,853,000 | 2,674,000 |
| Provision for loan losses | 33,000 | 66,000 | 99,000 | 147,000 |
| Pretax income | 172,000 | 359,000 | 592,000 | 654,000 |
| Income tax | 56,000 | 107,000 | 154,000 | 179,000 |
| Net income | 116,000 | 252,000 | 438,000 | 475,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,946,000 | 6,970,000 | 7,112,000 | 7,054,000 |
| Total capital | 7,439,000 | 7,480,000 | 7,628,000 | 7,562,000 |
| Risk-weighted assets | 55,254,000 | 66,829,000 | 53,277,000 | 52,880,000 |