Call reports 2019
BANK MICHIGAN — 2019
What BANK MICHIGAN reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 106,815,000 | 106,265,000 | 103,454,000 | 102,271,000 |
| Total loans | 77,715,000 | 78,338,000 | 77,284,000 | 76,299,000 |
| Allowance for loan losses | 889,000 | 884,000 | 841,000 | 841,000 |
| Securities available for sale | 9,416,000 | 9,828,000 | 9,077,000 | 8,225,000 |
| Securities held to maturity | 1,381,000 | 1,312,000 | 1,312,000 | 1,312,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,695,000 | 88,113,000 | 84,580,000 | 83,381,000 |
| Interest-bearing deposits | 74,050,000 | 71,770,000 | 68,311,000 | 67,940,000 |
| Noninterest-bearing deposits | 14,645,000 | 16,343,000 | 16,270,000 | 15,440,000 |
| Equity capital | 9,897,000 | 9,987,000 | 10,581,000 | 10,345,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,206,000 | 2,505,000 | 3,758,000 | 4,928,000 |
| Interest expense | 286,000 | 595,000 | 896,000 | 1,186,000 |
| Net interest income | 920,000 | 1,910,000 | 2,862,000 | 3,742,000 |
| Noninterest income | 106,000 | 234,000 | 388,000 | 582,000 |
| Noninterest expense | 990,000 | 2,040,000 | 3,134,000 | 4,467,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 36,000 | 104,000 | 116,000 | -143,000 |
| Income tax | 0 | 0 | -593,000 | -632,000 |
| Net income | 36,000 | 104,000 | 709,000 | 489,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,897,000 | 9,967,000 | 9,977,000 | 9,708,000 |
| Total capital | 10,786,000 | 10,851,000 | 10,818,000 | 10,549,000 |
| Risk-weighted assets | 80,238,000 | 80,535,000 | 79,657,000 | 80,012,000 |