Call reports 2017
BANK MICHIGAN — 2017
What BANK MICHIGAN reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 77,690,000 | 82,096,000 | 85,999,000 | 87,572,000 |
| Total loans | 55,507,000 | 56,179,000 | 55,541,000 | 58,696,000 |
| Allowance for loan losses | 1,355,000 | 1,257,000 | 1,117,000 | 994,000 |
| Securities available for sale | 3,231,000 | 6,524,000 | 10,757,000 | 11,143,000 |
| Securities held to maturity | 1,534,000 | 1,467,000 | 1,467,000 | 1,467,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,402,000 | 67,931,000 | 69,871,000 | 68,997,000 |
| Interest-bearing deposits | 52,221,000 | 54,473,000 | 56,676,000 | 54,581,000 |
| Noninterest-bearing deposits | 13,181,000 | 13,457,000 | 13,195,000 | 14,416,000 |
| Equity capital | 7,168,000 | 7,034,000 | 6,999,000 | 9,436,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 781,000 | 1,594,000 | 2,467,000 | 3,380,000 |
| Interest expense | 68,000 | 165,000 | 283,000 | 431,000 |
| Net interest income | 713,000 | 1,429,000 | 2,184,000 | 2,949,000 |
| Noninterest income | 166,000 | 271,000 | 438,000 | 583,000 |
| Noninterest expense | 995,000 | 1,959,000 | 2,879,000 | 3,807,000 |
| Provision for loan losses | 170,000 | 170,000 | 170,000 | 150,000 |
| Pretax income | -286,000 | -429,000 | -427,000 | -425,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -286,000 | -429,000 | -427,000 | -425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,171,000 | 7,034,000 | 7,029,000 | 9,421,000 |
| Total capital | 7,828,000 | 7,691,000 | 7,695,000 | 10,136,000 |
| Risk-weighted assets | 51,897,000 | 51,984,000 | 52,812,000 | 56,916,000 |