Call reports 2016
BANK MICHIGAN — 2016
What BANK MICHIGAN reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 65,195,000 | 66,206,000 | 65,462,000 | 70,874,000 |
| Total loans | 48,341,000 | 47,303,000 | 47,562,000 | 49,878,000 |
| Allowance for loan losses | 1,229,000 | 1,308,000 | 1,146,000 | 1,269,000 |
| Securities available for sale | 1,618,000 | 1,545,000 | 1,547,000 | 1,547,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,252,000 | 62,675,000 | 62,231,000 | 62,249,000 |
| Interest-bearing deposits | 47,253,000 | 48,368,000 | 48,172,000 | 46,558,000 |
| Noninterest-bearing deposits | 13,999,000 | 14,306,000 | 14,058,000 | 15,692,000 |
| Equity capital | 3,807,000 | 3,381,000 | 3,125,000 | 7,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 705,000 | 1,402,000 | 2,163,000 | 2,878,000 |
| Interest expense | 55,000 | 112,000 | 168,000 | 225,000 |
| Net interest income | 650,000 | 1,290,000 | 1,995,000 | 2,653,000 |
| Noninterest income | 145,000 | 285,000 | 426,000 | 350,000 |
| Noninterest expense | 926,000 | 1,834,000 | 2,801,000 | 3,832,000 |
| Provision for loan losses | 30,000 | 328,000 | 463,000 | 599,000 |
| Pretax income | -161,000 | -587,000 | -843,000 | -1,428,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -161,000 | -587,000 | -843,000 | -1,428,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,807,000 | 3,381,000 | 3,009,000 | 7,341,000 |
| Total capital | 4,421,000 | 3,986,000 | 3,634,000 | 7,963,000 |
| Risk-weighted assets | 48,531,000 | 47,660,000 | 49,465,000 | 49,090,000 |