Call report 2024Q2
BANK MICHIGAN — 2024Q2
The 22 measures BANK MICHIGAN reported to the FFIEC for 2024Q2, each linked to its source filing.
Balance sheet
What the bank holds and owes at quarter end
| Measure | Value | Unit | Source |
|---|---|---|---|
| Total assets | 125,221,000 | USD | evidence → |
| Total loans | 95,381,000 | USD | evidence → |
| Allowance for loan losses | 1,539,000 | USD | evidence → |
| Securities available for sale | 9,512,000 | USD | evidence → |
| Securities held to maturity | 0 | USD | evidence → |
| Trading assets | 0 | USD | evidence → |
| Total deposits | 106,164,000 | USD | evidence → |
| Interest-bearing deposits | 73,925,000 | USD | evidence → |
| Noninterest-bearing deposits | 32,239,000 | USD | evidence → |
| Equity capital | 12,214,000 | 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 | 3,508,000 | USD | evidence → |
| Interest expense | 818,000 | USD | evidence → |
| Net interest income | 2,690,000 | USD | evidence → |
| Noninterest income | 1,003,000 | USD | evidence → |
| Noninterest expense | 3,669,000 | USD | evidence → |
| Provision for loan losses | 38,000 | USD | evidence → |
| Pretax income | -78,000 | USD | evidence → |
| Income tax | -13,000 | USD | evidence → |
| Net income | -65,000 | USD | evidence → |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | Value | Unit | Source |
|---|---|---|---|
| Tier 1 capital | 11,351,000 | USD | evidence → |
| Total capital | 12,533,000 | USD | evidence → |
| Risk-weighted assets | 94,152,000 | USD | evidence → |