Call reports 2011
BANK MICHIGAN — 2011
What BANK MICHIGAN reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 72,251,000 | 73,231,000 | 73,320,000 | 71,607,000 |
| Total loans | 55,022,000 | 53,775,000 | 54,846,000 | 53,135,000 |
| Allowance for loan losses | 778,000 | 708,000 | 664,000 | 608,000 |
| Securities available for sale | 1,305,000 | 889,000 | 2,092,000 | 2,086,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,291,000 | 64,678,000 | 64,845,000 | 63,043,000 |
| Interest-bearing deposits | 54,509,000 | 54,722,000 | 52,976,000 | 51,937,000 |
| Noninterest-bearing deposits | 8,782,000 | 9,956,000 | 11,869,000 | 11,106,000 |
| Equity capital | 5,945,000 | 6,067,000 | 6,143,000 | 6,204,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 915,000 | 1,836,000 | 2,781,000 | 3,727,000 |
| Interest expense | 164,000 | 318,000 | 469,000 | 611,000 |
| Net interest income | 751,000 | 1,518,000 | 2,312,000 | 3,116,000 |
| Noninterest income | 175,000 | 334,000 | 460,000 | 619,000 |
| Noninterest expense | 790,000 | 1,551,000 | 2,371,000 | 3,195,000 |
| Provision for loan losses | 67,000 | 135,000 | 160,000 | 240,000 |
| Pretax income | 69,000 | 166,000 | 241,000 | 300,000 |
| Income tax | 20,000 | 0 | 0 | 0 |
| Net income | 49,000 | 166,000 | 241,000 | 300,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,936,000 | 6,053,000 | 6,128,000 | 6,188,000 |
| Total capital | 6,639,000 | 6,742,000 | 6,792,000 | 6,796,000 |
| Risk-weighted assets | 56,184,000 | 55,082,000 | 56,615,000 | 54,300,000 |