Call reports 2023

BANK MICHIGAN — 2023

Name: BANK MICHIGAN — FFIEC call report 2023
Creator: BANK MICHIGAN

What BANK MICHIGAN reported to the FFIEC in 2023, quarter by quarter.

PERIOD: 2023SOURCE: FFIEC Call ReportEvery measure source-linked

Cite: FACTANKER, https://factanker.com/entity/e56453f1-0a5c-4fa0-8a79-b8671bfadb76/2023

Balance sheet

What the bank holds and owes at quarter end

Measure	2023Q1	2023Q2	2023Q3	2023Q4
Total assets	109,794,000	112,344,000	119,087,000	118,414,000
Total loans	86,414,000	89,905,000	89,647,000	90,381,000
Allowance for loan losses	1,181,000	1,215,000	1,872,000	1,501,000
Securities available for sale	9,355,000	9,215,000	9,063,000	9,683,000
Securities held to maturity	0	0	0	0
Trading assets	0	0	0	0
Total deposits	91,505,000	95,146,000	102,398,000	98,752,000
Interest-bearing deposits	63,155,000	66,633,000	68,900,000	67,219,000
Noninterest-bearing deposits	28,351,000	28,514,000	33,498,000	31,533,000
Equity capital	10,210,000	9,780,000	8,907,000	12,287,000

Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year

Measure	2023Q1	2023Q2	2023Q3	2023Q4
Interest income	1,462,000	3,009,000	4,612,000	6,268,000
Interest expense	199,000	471,000	803,000	1,179,000
Net interest income	1,263,000	2,538,000	3,809,000	5,089,000
Noninterest income	385,000	601,000	807,000	1,069,000
Noninterest expense	1,781,000	3,688,000	5,576,000	7,401,000
Provision for loan losses	10,000	43,000	703,000	1,336,000
Pretax income	-133,000	-608,000	-1,648,000	-2,561,000
Income tax	-27,000	-126,000	-350,000	-534,000
Net income	-106,000	-482,000	-1,298,000	-2,027,000

Basel measures — not reported for every quarter

Measure	2023Q1	2023Q2	2023Q3	2023Q4
Tier 1 capital	9,897,000	9,408,000	8,353,000	11,433,000
Total capital	10,961,000	10,543,000	9,463,000	12,525,000
Risk-weighted assets	84,996,000	90,699,000	88,005,000	87,008,000