Call reports 2020
BANK MICHIGAN — 2020
What BANK MICHIGAN reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 105,576,000 | 129,329,000 | 126,075,000 | 117,935,000 |
| Total loans | 75,768,000 | 97,030,000 | 100,067,000 | 88,694,000 |
| Allowance for loan losses | 758,000 | 1,202,000 | 1,228,000 | 1,227,000 |
| Securities available for sale | 5,686,000 | 8,643,000 | 9,126,000 | 5,313,000 |
| Securities held to maturity | 1,312,000 | 1,242,000 | 1,242,000 | 1,242,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,205,000 | 95,566,000 | 96,427,000 | 101,120,000 |
| Interest-bearing deposits | 71,583,000 | 69,137,000 | 69,883,000 | 64,578,000 |
| Noninterest-bearing deposits | 15,622,000 | 26,429,000 | 26,545,000 | 36,542,000 |
| Equity capital | 10,022,000 | 9,618,000 | 9,764,000 | 10,216,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,114,000 | 2,283,000 | 3,615,000 | 5,125,000 |
| Interest expense | 279,000 | 540,000 | 770,000 | 971,000 |
| Net interest income | 835,000 | 1,743,000 | 2,845,000 | 4,154,000 |
| Noninterest income | 106,000 | 307,000 | 614,000 | 1,270,000 |
| Noninterest expense | 1,393,000 | 2,585,000 | 3,803,000 | 5,100,000 |
| Provision for loan losses | 10,000 | 453,000 | 476,000 | 476,000 |
| Pretax income | -454,000 | -980,000 | -812,000 | -96,000 |
| Income tax | -96,000 | -205,000 | -171,000 | -22,000 |
| Net income | -358,000 | -775,000 | -641,000 | -177,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,273,000 | 8,754,000 | 8,929,000 | 9,507,000 |
| Total capital | 10,031,000 | 9,700,000 | 9,922,000 | 10,522,000 |
| Risk-weighted assets | 78,424,000 | 75,392,000 | 79,188,000 | 80,992,000 |