Call reports 2013
BANK MICHIGAN — 2013
What BANK MICHIGAN reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 76,532,000 | 74,247,000 | 76,220,000 | 71,973,000 |
| Total loans | 53,159,000 | 51,669,000 | 52,617,000 | 51,593,000 |
| Allowance for loan losses | 680,000 | 673,000 | 795,000 | 874,000 |
| Securities available for sale | 2,417,000 | 2,324,000 | 2,317,000 | 1,907,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,926,000 | 66,635,000 | 68,944,000 | 65,280,000 |
| Interest-bearing deposits | 55,483,000 | 54,001,000 | 53,824,000 | 52,190,000 |
| Noninterest-bearing deposits | 12,443,000 | 12,635,000 | 15,120,000 | 13,090,000 |
| Equity capital | 6,533,000 | 6,592,000 | 6,280,000 | 5,719,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 916,000 | 1,778,000 | 2,638,000 | 3,481,000 |
| Interest expense | 114,000 | 217,000 | 317,000 | 409,000 |
| Net interest income | 802,000 | 1,561,000 | 2,321,000 | 3,072,000 |
| Noninterest income | 152,000 | 375,000 | 597,000 | 515,000 |
| Noninterest expense | 864,000 | 1,726,000 | 2,720,000 | 3,661,000 |
| Provision for loan losses | 60,000 | 120,000 | 420,000 | 706,000 |
| Pretax income | 30,000 | 90,000 | -222,000 | -780,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 30,000 | 90,000 | -222,000 | -780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,521,000 | 6,581,000 | 6,269,000 | 5,711,000 |
| Total capital | 7,201,000 | 7,254,000 | 6,976,000 | 6,405,000 |
| Risk-weighted assets | 56,724,000 | 55,151,000 | 56,465,000 | 55,343,000 |