Call reports 2021
BANK MICHIGAN — 2021
What BANK MICHIGAN reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 124,393,000 | 119,055,000 | 129,568,000 | 117,224,000 |
| Total loans | 100,457,000 | 90,545,000 | 86,709,000 | 87,643,000 |
| Allowance for loan losses | 1,034,000 | 1,024,000 | 945,000 | 943,000 |
| Securities available for sale | 4,877,000 | 5,006,000 | 4,763,000 | 6,042,000 |
| Securities held to maturity | 1,242,000 | 22,000 | 22,000 | 22,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,209,000 | 103,582,000 | 113,996,000 | 105,771,000 |
| Interest-bearing deposits | 65,595,000 | 66,598,000 | 67,743,000 | 73,435,000 |
| Noninterest-bearing deposits | 39,614,000 | 36,984,000 | 46,252,000 | 32,336,000 |
| Equity capital | 10,295,000 | 10,656,000 | 10,687,000 | 10,712,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,198,000 | 2,810,000 | 4,131,000 | 5,331,000 |
| Interest expense | 127,000 | 230,000 | 318,000 | 396,000 |
| Net interest income | 1,071,000 | 2,580,000 | 3,813,000 | 4,935,000 |
| Noninterest income | 189,000 | 530,000 | 689,000 | 889,000 |
| Noninterest expense | 1,331,000 | 2,743,000 | 4,131,000 | 5,395,000 |
| Provision for loan losses | -194,000 | -216,000 | -254,000 | -254,000 |
| Pretax income | 123,000 | 582,000 | 624,000 | 683,000 |
| Income tax | 25,000 | 121,000 | 130,000 | 143,000 |
| Net income | 98,000 | 461,000 | 494,000 | 540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,619,000 | 10,078,000 | 10,119,000 | 10,180,000 |
| Total capital | 10,609,000 | 11,057,000 | 11,064,000 | 11,123,000 |
| Risk-weighted assets | 79,127,000 | 78,279,000 | 78,672,000 | 82,487,000 |