Call reports 2004
BANK OF NORTHERN MICHIGAN, THE — 2004
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 142,959,000 | 149,528,000 | 156,870,000 | 164,596,000 |
| Total loans | 123,843,000 | 130,282,000 | 137,486,000 | 142,678,000 |
| Allowance for loan losses | 1,584,000 | 1,712,000 | 1,742,000 | 1,762,000 |
| Securities available for sale | 12,491,000 | 10,972,000 | 12,652,000 | 14,059,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,053,000 | 131,337,000 | 139,759,000 | 147,252,000 |
| Interest-bearing deposits | 115,671,000 | 118,698,000 | 129,184,000 | 137,255,000 |
| Noninterest-bearing deposits | 7,382,000 | 12,639,000 | 10,575,000 | 9,997,000 |
| Equity capital | 11,631,000 | 11,708,000 | 12,423,000 | 13,096,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,862,000 | 3,811,000 | 5,919,000 | 8,241,000 |
| Interest expense | 877,000 | 1,757,000 | 2,729,000 | 3,808,000 |
| Net interest income | 985,000 | 2,054,000 | 3,190,000 | 4,433,000 |
| Noninterest income | 206,000 | 506,000 | 666,000 | 848,000 |
| Noninterest expense | 836,000 | 1,718,000 | 2,494,000 | 3,318,000 |
| Provision for loan losses | 85,000 | 169,000 | 199,000 | 229,000 |
| Pretax income | 270,000 | 673,000 | 1,163,000 | 1,734,000 |
| Income tax | 94,000 | 216,000 | 379,000 | 571,000 |
| Net income | 176,000 | 457,000 | 784,000 | 1,163,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,691,000 | 11,965,000 | 12,551,000 | 13,278,000 |
| Total capital | 13,253,000 | 13,629,000 | 14,293,000 | 15,040,000 |
| Risk-weighted assets | 124,973,000 | 133,099,000 | 139,558,000 | 148,331,000 |