Call report 2024Q1
BANK MICHIGAN — 2024Q1
The 22 measures BANK MICHIGAN reported to the FFIEC for 2024Q1, each linked to its source filing.
Balance sheet
What the bank holds and owes at quarter end
| Measure | Value | Unit | Source |
|---|---|---|---|
| Total assets | 116,561,000 | USD | evidence → |
| Total loans | 90,679,000 | USD | evidence → |
| Allowance for loan losses | 1,499,000 | USD | evidence → |
| Securities available for sale | 9,089,000 | USD | evidence → |
| Securities held to maturity | 0 | USD | evidence → |
| Trading assets | 0 | USD | evidence → |
| Total deposits | 96,746,000 | USD | evidence → |
| Interest-bearing deposits | 65,597,000 | USD | evidence → |
| Noninterest-bearing deposits | 31,149,000 | USD | evidence → |
| Equity capital | 12,210,000 | USD | evidence → |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | Value | Unit | Source |
|---|---|---|---|
| Interest income | 1,700,000 | USD | evidence → |
| Interest expense | 389,000 | USD | evidence → |
| Net interest income | 1,311,000 | USD | evidence → |
| Noninterest income | 510,000 | USD | evidence → |
| Noninterest expense | 1,857,000 | USD | evidence → |
| Provision for loan losses | -2,000 | USD | evidence → |
| Pretax income | -74,000 | USD | evidence → |
| Income tax | -13,000 | USD | evidence → |
| Net income | -61,000 | USD | evidence → |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | Value | Unit | Source |
|---|---|---|---|
| Tier 1 capital | 11,355,000 | USD | evidence → |
| Total capital | 12,474,000 | USD | evidence → |
| Risk-weighted assets | 89,093,000 | USD | evidence → |