Call reports 2018
BANK MICHIGAN — 2018
What BANK MICHIGAN reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 90,731,000 | 94,164,000 | 99,534,000 | 102,449,000 |
| Total loans | 59,410,000 | 62,981,000 | 73,452,000 | 76,735,000 |
| Allowance for loan losses | 975,000 | 929,000 | 930,000 | 883,000 |
| Securities available for sale | 10,700,000 | 11,039,000 | 10,448,000 | 9,964,000 |
| Securities held to maturity | 1,456,000 | 1,386,000 | 1,386,000 | 1,381,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,819,000 | 76,288,000 | 81,549,000 | 84,374,000 |
| Interest-bearing deposits | 57,694,000 | 61,546,000 | 65,862,000 | 70,181,000 |
| Noninterest-bearing deposits | 15,125,000 | 14,743,000 | 15,687,000 | 14,193,000 |
| Equity capital | 9,714,000 | 9,688,000 | 9,720,000 | 9,836,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 912,000 | 1,872,000 | 2,973,000 | 4,128,000 |
| Interest expense | 154,000 | 327,000 | 535,000 | 769,000 |
| Net interest income | 758,000 | 1,545,000 | 2,438,000 | 3,359,000 |
| Noninterest income | 118,000 | 241,000 | 363,000 | 483,000 |
| Noninterest expense | 942,000 | 1,888,000 | 2,863,000 | 3,814,000 |
| Provision for loan losses | 0 | -40,000 | -40,000 | -40,000 |
| Pretax income | -66,000 | -62,000 | -22,000 | 68,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -66,000 | -62,000 | -22,000 | 68,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,717,000 | 9,720,000 | 9,682,000 | 9,836,000 |
| Total capital | 10,455,000 | 10,513,000 | 10,612,000 | 10,719,000 |
| Risk-weighted assets | 58,766,000 | 63,270,000 | 74,729,000 | 78,336,000 |