Call reports 2014
BANK MICHIGAN — 2014
What BANK MICHIGAN reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 73,515,000 | 74,984,000 | 78,830,000 | 77,033,000 |
| Total loans | 51,478,000 | 53,306,000 | 51,900,000 | 53,322,000 |
| Allowance for loan losses | 882,000 | 884,000 | 1,019,000 | 880,000 |
| Securities available for sale | 1,877,000 | 1,778,000 | 1,778,000 | 1,769,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,880,000 | 67,986,000 | 72,545,000 | 70,760,000 |
| Interest-bearing deposits | 54,259,000 | 54,518,000 | 57,261,000 | 55,409,000 |
| Noninterest-bearing deposits | 12,621,000 | 13,467,000 | 15,284,000 | 15,351,000 |
| Equity capital | 5,732,000 | 5,721,000 | 5,032,000 | 5,045,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 858,000 | 1,737,000 | 2,562,000 | 3,405,000 |
| Interest expense | 85,000 | 166,000 | 251,000 | 335,000 |
| Net interest income | 773,000 | 1,571,000 | 2,311,000 | 3,070,000 |
| Noninterest income | 185,000 | 330,000 | 216,000 | 423,000 |
| Noninterest expense | 915,000 | 1,870,000 | 2,881,000 | 3,868,000 |
| Provision for loan losses | 30,000 | 30,000 | 335,000 | 300,000 |
| Pretax income | 13,000 | 1,000 | -689,000 | -675,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 13,000 | 1,000 | -689,000 | -675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,724,000 | 5,712,000 | 5,025,000 | 5,038,000 |
| Total capital | 6,424,000 | 6,429,000 | 5,721,000 | 5,751,000 |
| Risk-weighted assets | 55,839,000 | 57,202,000 | 55,360,000 | 56,857,000 |