Call reports 2006
BANK MICHIGAN — 2006
What BANK MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 64,608,000 | 64,665,000 | 65,614,000 | 62,630,000 |
| Total loans | 44,480,000 | 43,927,000 | 44,085,000 | 42,382,000 |
| Allowance for loan losses | 555,000 | 556,000 | 629,000 | 942,000 |
| Securities available for sale | 9,500,000 | 8,933,000 | 9,027,000 | 9,517,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,104,000 | 57,349,000 | 58,228,000 | 55,930,000 |
| Interest-bearing deposits | 49,661,000 | 49,204,000 | 48,873,000 | 46,973,000 |
| Noninterest-bearing deposits | 7,443,000 | 8,145,000 | 9,355,000 | 8,957,000 |
| Equity capital | 7,105,000 | 7,144,000 | 7,145,000 | 6,468,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 941,000 | 1,932,000 | 2,969,000 | 3,974,000 |
| Interest expense | 263,000 | 549,000 | 857,000 | 1,160,000 |
| Net interest income | 678,000 | 1,383,000 | 2,112,000 | 2,814,000 |
| Noninterest income | 177,000 | 356,000 | 545,000 | 721,000 |
| Noninterest expense | 676,000 | 1,389,000 | 2,069,000 | 2,845,000 |
| Provision for loan losses | 48,000 | 89,000 | 372,000 | 1,236,000 |
| Pretax income | 131,000 | 261,000 | 216,000 | -546,000 |
| Income tax | 27,000 | 53,000 | 70,000 | -200,000 |
| Net income | 104,000 | 208,000 | 146,000 | -346,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,227,000 | 7,312,000 | 7,192,000 | 6,505,000 |
| Total capital | 7,782,000 | 7,868,000 | 7,821,000 | 7,151,000 |
| Risk-weighted assets | 53,400,000 | 53,066,000 | 52,977,000 | 51,409,000 |