Call reports 2012
BANK MICHIGAN — 2012
What BANK MICHIGAN reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 75,038,000 | 75,232,000 | 74,936,000 | 73,981,000 |
| Total loans | 51,887,000 | 51,253,000 | 52,248,000 | 54,049,000 |
| Allowance for loan losses | 645,000 | 651,000 | 682,000 | 679,000 |
| Securities available for sale | 2,059,000 | 2,020,000 | 2,456,000 | 2,447,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,411,000 | 67,210,000 | 66,848,000 | 65,736,000 |
| Interest-bearing deposits | 54,691,000 | 53,879,000 | 55,272,000 | 54,053,000 |
| Noninterest-bearing deposits | 11,721,000 | 13,332,000 | 11,576,000 | 11,683,000 |
| Equity capital | 6,264,000 | 6,345,000 | 6,434,000 | 6,504,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 973,000 | 1,889,000 | 2,835,000 | 3,764,000 |
| Interest expense | 139,000 | 268,000 | 389,000 | 509,000 |
| Net interest income | 834,000 | 1,621,000 | 2,446,000 | 3,255,000 |
| Noninterest income | 253,000 | 465,000 | 688,000 | 874,000 |
| Noninterest expense | 942,000 | 1,840,000 | 2,759,000 | 3,658,000 |
| Provision for loan losses | 85,000 | 105,000 | 145,000 | 169,000 |
| Pretax income | 60,000 | 141,000 | 230,000 | 302,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 60,000 | 141,000 | 230,000 | 302,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,249,000 | 6,330,000 | 6,419,000 | 6,491,000 |
| Total capital | 6,894,000 | 6,981,000 | 7,101,000 | 7,170,000 |
| Risk-weighted assets | 55,737,000 | 53,674,000 | 55,068,000 | 57,055,000 |