Call reports 2022
BANK MICHIGAN — 2022
What BANK MICHIGAN reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 114,199,000 | 115,587,000 | 116,848,000 | 113,473,000 |
| Total loans | 94,884,000 | 93,966,000 | 95,048,000 | 92,925,000 |
| Allowance for loan losses | 977,000 | 986,000 | 986,000 | 952,000 |
| Securities available for sale | 5,577,000 | 5,308,000 | 5,004,000 | 5,008,000 |
| Securities held to maturity | 22,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,306,000 | 103,875,000 | 105,090,000 | 101,624,000 |
| Interest-bearing deposits | 70,714,000 | 71,995,000 | 73,155,000 | 70,007,000 |
| Noninterest-bearing deposits | 31,592,000 | 31,880,000 | 31,935,000 | 31,617,000 |
| Equity capital | 10,541,000 | 10,397,000 | 10,425,000 | 10,543,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,213,000 | 2,458,000 | 3,865,000 | 5,350,000 |
| Interest expense | 63,000 | 121,000 | 212,000 | 337,000 |
| Net interest income | 1,150,000 | 2,337,000 | 3,653,000 | 5,013,000 |
| Noninterest income | 364,000 | 562,000 | 953,000 | 1,110,000 |
| Noninterest expense | 1,384,000 | 2,880,000 | 4,374,000 | 5,846,000 |
| Provision for loan losses | 59,000 | 66,000 | 66,000 | 48,000 |
| Pretax income | 71,000 | -47,000 | 166,000 | 229,000 |
| Income tax | 16,000 | -9,000 | 37,000 | 51,000 |
| Net income | 55,000 | -38,000 | 129,000 | 178,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,175,000 | 9,978,000 | 10,111,000 | 10,209,000 |
| Total capital | 11,152,000 | 10,964,000 | 11,097,000 | 11,161,000 |
| Risk-weighted assets | 91,675,000 | 93,880,000 | 91,243,000 | 89,821,000 |