Call reports 2010
BANK MICHIGAN — 2010
What BANK MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 69,490,000 | 72,915,000 | 74,782,000 | 73,663,000 |
| Total loans | 50,246,000 | 52,494,000 | 52,443,000 | 53,792,000 |
| Allowance for loan losses | 822,000 | 791,000 | 758,000 | 708,000 |
| Securities available for sale | 2,648,000 | 2,513,000 | 1,993,000 | 1,369,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,980,000 | 64,051,000 | 65,722,000 | 64,728,000 |
| Interest-bearing deposits | 52,155,000 | 54,885,000 | 55,171,000 | 54,657,000 |
| Noninterest-bearing deposits | 7,825,000 | 9,166,000 | 10,551,000 | 10,071,000 |
| Equity capital | 5,822,000 | 5,852,000 | 5,993,000 | 5,896,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 821,000 | 1,712,000 | 2,616,000 | 3,561,000 |
| Interest expense | 190,000 | 405,000 | 619,000 | 809,000 |
| Net interest income | 631,000 | 1,307,000 | 1,997,000 | 2,752,000 |
| Noninterest income | 97,000 | 288,000 | 501,000 | 401,000 |
| Noninterest expense | 751,000 | 1,563,000 | 2,256,000 | 2,977,000 |
| Provision for loan losses | 219,000 | 239,000 | 299,000 | 319,000 |
| Pretax income | -242,000 | -207,000 | -57,000 | -143,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -242,000 | -207,000 | -57,000 | -143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,786,000 | 5,822,000 | 5,972,000 | 5,886,000 |
| Total capital | 6,459,000 | 6,509,000 | 6,663,000 | 6,564,000 |
| Risk-weighted assets | 53,711,000 | 54,818,000 | 55,233,000 | 54,235,000 |