Call reports 2015
BANK MICHIGAN — 2015
What BANK MICHIGAN reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 77,824,000 | 72,215,000 | 73,316,000 | 66,891,000 |
| Total loans | 54,915,000 | 52,471,000 | 50,985,000 | 48,641,000 |
| Allowance for loan losses | 976,000 | 1,175,000 | 1,318,000 | 1,277,000 |
| Securities available for sale | 1,736,000 | 1,646,000 | 1,647,000 | 1,636,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,615,000 | 66,003,000 | 67,821,000 | 63,092,000 |
| Interest-bearing deposits | 55,714,000 | 52,526,000 | 51,501,000 | 47,894,000 |
| Noninterest-bearing deposits | 15,901,000 | 13,477,000 | 16,320,000 | 15,199,000 |
| Equity capital | 5,045,000 | 4,801,000 | 4,288,000 | 3,587,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 884,000 | 1,667,000 | 2,474,000 | 3,243,000 |
| Interest expense | 81,000 | 151,000 | 216,000 | 279,000 |
| Net interest income | 803,000 | 1,516,000 | 2,258,000 | 2,964,000 |
| Noninterest income | 114,000 | 257,000 | 387,000 | 559,000 |
| Noninterest expense | 916,000 | 1,817,000 | 2,721,000 | 3,827,000 |
| Provision for loan losses | 0 | 200,000 | 680,000 | 1,175,000 |
| Pretax income | 1,000 | -244,000 | -756,000 | -1,479,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,000 | -244,000 | -756,000 | -1,479,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,045,000 | 4,801,000 | 4,288,000 | 3,587,000 |
| Total capital | 5,763,000 | 5,470,000 | 4,950,000 | 4,216,000 |
| Risk-weighted assets | 57,198,000 | 53,049,000 | 52,307,000 | 49,642,000 |