Call reports 2007
BANK MICHIGAN — 2007
What BANK MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 64,006,000 | 63,650,000 | 60,344,000 | 57,590,000 |
| Total loans | 40,544,000 | 40,173,000 | 38,170,000 | 36,745,000 |
| Allowance for loan losses | 890,000 | 917,000 | 642,000 | 542,000 |
| Securities available for sale | 10,021,000 | 10,688,000 | 10,673,000 | 10,177,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,128,000 | 56,711,000 | 53,290,000 | 50,733,000 |
| Interest-bearing deposits | 49,211,000 | 47,564,000 | 44,222,000 | 42,162,000 |
| Noninterest-bearing deposits | 7,917,000 | 9,147,000 | 9,068,000 | 8,571,000 |
| Equity capital | 6,600,000 | 6,647,000 | 6,676,000 | 6,605,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 989,000 | 1,991,000 | 2,908,000 | 3,802,000 |
| Interest expense | 303,000 | 612,000 | 893,000 | 1,149,000 |
| Net interest income | 686,000 | 1,379,000 | 2,015,000 | 2,653,000 |
| Noninterest income | 167,000 | 339,000 | 507,000 | 585,000 |
| Noninterest expense | 724,000 | 1,453,000 | 2,190,000 | 2,863,000 |
| Provision for loan losses | 15,000 | 50,000 | 115,000 | 239,000 |
| Pretax income | 114,000 | 215,000 | 217,000 | 136,000 |
| Income tax | 0 | 0 | 30,000 | 30,000 |
| Net income | 114,000 | 215,000 | 187,000 | 106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,625,000 | 6,645,000 | 6,653,000 | 6,544,000 |
| Total capital | 7,253,000 | 7,273,000 | 7,250,000 | 7,086,000 |
| Risk-weighted assets | 50,007,000 | 49,776,000 | 47,707,000 | 46,288,000 |