Call reports 2008
BANK MICHIGAN — 2008
What BANK MICHIGAN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 57,564,000 | 57,663,000 | 59,330,000 | 59,260,000 |
| Total loans | 36,395,000 | 38,326,000 | 39,583,000 | 41,262,000 |
| Allowance for loan losses | 578,000 | 572,000 | 768,000 | 768,000 |
| Securities available for sale | 9,772,000 | 7,285,000 | 6,757,000 | 6,193,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,558,000 | 50,686,000 | 52,811,000 | 52,283,000 |
| Interest-bearing deposits | 42,644,000 | 42,516,000 | 43,411,000 | 44,790,000 |
| Noninterest-bearing deposits | 7,914,000 | 8,170,000 | 9,400,000 | 7,494,000 |
| Equity capital | 6,731,000 | 6,730,000 | 6,285,000 | 6,527,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 836,000 | 1,637,000 | 2,434,000 | 3,234,000 |
| Interest expense | 239,000 | 452,000 | 660,000 | 856,000 |
| Net interest income | 597,000 | 1,185,000 | 1,774,000 | 2,378,000 |
| Noninterest income | 155,000 | 340,000 | 300,000 | 470,000 |
| Noninterest expense | 674,000 | 1,355,000 | 2,039,000 | 2,712,000 |
| Provision for loan losses | 15,000 | 39,000 | 332,000 | 354,000 |
| Pretax income | 63,000 | 131,000 | -297,000 | -217,000 |
| Income tax | 12,000 | 12,000 | 12,000 | -94,000 |
| Net income | 51,000 | 119,000 | -309,000 | -123,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,559,000 | 6,618,000 | 6,235,000 | 6,421,000 |
| Total capital | 7,131,000 | 7,190,000 | 6,773,000 | 6,969,000 |
| Risk-weighted assets | 45,775,000 | 46,993,000 | 42,778,000 | 43,581,000 |