Call reports 2001

BANK OF NORTHERN MICHIGAN, THE — 2001

Name: BANK OF NORTHERN MICHIGAN, THE — FFIEC call report 2001
Creator: BANK OF NORTHERN MICHIGAN, THE

What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2001, quarter by quarter.

PERIOD: 2001SOURCE: FFIEC Call ReportEvery measure source-linked

Cite: FACTANKER, https://factanker.com/entity/f7e96bd2-3b86-481f-b4cc-c7b90e20d7fb/2001

Balance sheet

What the bank holds and owes at quarter end

Measure	2001Q1	2001Q2	2001Q3	2001Q4
Total assets	49,370,000	68,638,000	80,247,000	87,790,000
Total loans	40,672,000	54,993,000	67,923,000	75,886,000
Allowance for loan losses	564,000	727,000	824,000	975,000
Securities available for sale	6,333,000	8,779,000	8,913,000	8,644,000
Securities held to maturity	0	0	0	0
Trading assets	0	0	0	0
Total deposits	42,447,000	60,735,000	67,888,000	76,543,000
Interest-bearing deposits	38,570,000	55,189,000	62,225,000	72,661,000
Noninterest-bearing deposits	3,877,000	5,546,000	5,663,000	3,882,000
Equity capital	6,291,000	6,385,000	6,541,000	7,103,000

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

Measure	2001Q1	2001Q2	2001Q3	2001Q4
Interest income	978,000	2,166,000	3,602,000	5,144,000
Interest expense	552,000	1,230,000	2,051,000	2,899,000
Net interest income	426,000	936,000	1,551,000	2,245,000
Noninterest income	129,000	288,000	437,000	680,000
Noninterest expense	518,000	1,043,000	1,614,000	2,236,000
Provision for loan losses	114,000	277,000	376,000	527,000
Pretax income	-65,000	-84,000	10,000	174,000
Income tax	-116,000	-219,000	-189,000	-125,000
Net income	51,000	135,000	199,000	299,000

Basel measures — not reported for every quarter

Measure	2001Q1	2001Q2	2001Q3	2001Q4
Tier 1 capital	6,186,000	6,270,000	6,335,000	6,935,000
Total capital	6,695,000	6,957,000	7,146,000	7,823,000
Risk-weighted assets	40,660,000	54,929,000	64,893,000	70,980,000