Call reports 2009
BANK MICHIGAN — 2009
What BANK MICHIGAN reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 58,187,000 | 60,214,000 | 63,737,000 | 66,103,000 |
| Total loans | 43,013,000 | 46,372,000 | 46,353,000 | 49,779,000 |
| Allowance for loan losses | 729,000 | 655,000 | 591,000 | 742,000 |
| Securities available for sale | 5,133,000 | 3,675,000 | 4,157,000 | 3,688,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,529,000 | 50,072,000 | 53,588,000 | 56,292,000 |
| Interest-bearing deposits | 44,383,000 | 41,899,000 | 44,651,000 | 46,912,000 |
| Noninterest-bearing deposits | 7,146,000 | 8,173,000 | 8,937,000 | 9,380,000 |
| Equity capital | 6,483,000 | 6,489,000 | 6,462,000 | 6,076,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 758,000 | 1,530,000 | 2,339,000 | 3,134,000 |
| Interest expense | 195,000 | 359,000 | 530,000 | 707,000 |
| Net interest income | 563,000 | 1,171,000 | 1,809,000 | 2,427,000 |
| Noninterest income | 140,000 | 299,000 | 419,000 | 502,000 |
| Noninterest expense | 710,000 | 1,457,000 | 2,223,000 | 2,974,000 |
| Provision for loan losses | 33,000 | 55,000 | 98,000 | 365,000 |
| Pretax income | -40,000 | -42,000 | -92,000 | -410,000 |
| Income tax | -22,000 | -44,000 | -79,000 | -25,000 |
| Net income | -18,000 | 2,000 | -13,000 | -385,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,399,000 | 6,294,000 | 6,228,000 | 6,029,000 |
| Total capital | 6,963,000 | 6,902,000 | 6,819,000 | 6,687,000 |
| Risk-weighted assets | 44,920,000 | 48,566,000 | 49,110,000 | 52,570,000 |