Call reports 2024
EASTERN MICHIGAN BANK — 2024
What EASTERN MICHIGAN BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 564,324,000 | 558,652,000 | 548,605,000 | 520,797,000 |
| Total loans | 212,021,000 | 222,177,000 | 220,776,000 | 220,053,000 |
| Allowance for loan losses | 2,595,000 | 2,825,000 | 2,895,000 | 2,795,000 |
| Securities available for sale | 163,429,000 | 166,461,000 | 170,909,000 | 143,399,000 |
| Securities held to maturity | 114,509,000 | 116,569,000 | 111,250,000 | 106,032,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 471,712,000 | 462,843,000 | 499,149,000 | 471,146,000 |
| Interest-bearing deposits | 351,786,000 | 336,813,000 | 364,943,000 | 343,751,000 |
| Noninterest-bearing deposits | 119,926,000 | 126,030,000 | 134,206,000 | 127,395,000 |
| Equity capital | 40,505,000 | 42,962,000 | 47,650,000 | 47,479,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 5,746,000 | 11,482,000 | 17,484,000 | 23,624,000 |
| Interest expense | 1,192,000 | 2,358,000 | 3,481,000 | 4,089,000 |
| Net interest income | 4,554,000 | 9,124,000 | 14,003,000 | 19,535,000 |
| Noninterest income | 500,000 | 1,018,000 | 1,535,000 | 2,165,000 |
| Noninterest expense | 3,039,000 | 6,101,000 | 9,152,000 | 12,430,000 |
| Provision for loan losses | -28,000 | 206,000 | 208,000 | 29,000 |
| Pretax income | 2,007,000 | 3,871,000 | 6,215,000 | 9,212,000 |
| Income tax | 395,000 | 776,000 | 1,242,000 | 1,835,000 |
| Net income | 1,612,000 | 3,095,000 | 4,973,000 | 7,377,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,010,000 | 51,501,000 | 52,328,000 | 54,214,000 |
| Total capital | 52,605,000 | 54,326,000 | 55,222,000 | 57,010,000 |
| Risk-weighted assets | 385,139,000 | 390,135,000 | 378,136,000 | 358,221,000 |