Call reports 2023
EASTERN MICHIGAN BANK — 2023
What EASTERN MICHIGAN BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 557,259,000 | 512,118,000 | 544,142,000 | 539,863,000 |
| Total loans | 184,128,000 | 188,118,000 | 204,229,000 | 212,377,000 |
| Allowance for loan losses | 2,304,000 | 2,390,000 | 2,606,000 | 2,608,000 |
| Securities available for sale | 186,550,000 | 165,759,000 | 161,249,000 | 160,442,000 |
| Securities held to maturity | 103,725,000 | 102,982,000 | 111,270,000 | 112,967,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 522,361,000 | 476,515,000 | 507,772,000 | 498,273,000 |
| Interest-bearing deposits | 381,890,000 | 347,195,000 | 368,879,000 | 359,674,000 |
| Noninterest-bearing deposits | 140,471,000 | 129,320,000 | 138,893,000 | 138,599,000 |
| Equity capital | 33,983,000 | 34,369,000 | 34,971,000 | 39,545,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 4,845,000 | 9,611,000 | 14,526,000 | 19,743,000 |
| Interest expense | 540,000 | 971,000 | 1,420,000 | 2,051,000 |
| Net interest income | 4,305,000 | 8,640,000 | 13,106,000 | 17,692,000 |
| Noninterest income | 482,000 | 992,000 | 1,504,000 | 1,989,000 |
| Noninterest expense | 2,874,000 | 5,686,000 | 8,557,000 | 11,413,000 |
| Provision for loan losses | 0 | 76,000 | 291,000 | 293,000 |
| Pretax income | 1,913,000 | 3,863,000 | 5,774,000 | 8,079,000 |
| Income tax | 378,000 | 777,000 | 1,141,000 | 1,593,000 |
| Net income | 1,535,000 | 3,086,000 | 4,633,000 | 6,486,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,555,000 | 47,123,000 | 48,215,000 | 49,580,000 |
| Total capital | 48,859,000 | 49,513,000 | 50,821,000 | 52,188,000 |
| Risk-weighted assets | 371,298,000 | 374,948,000 | 390,109,000 | 388,550,000 |