Call reports 2005
BANK OF NORTHERN MICHIGAN, THE — 2005
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 166,302,000 | 172,652,000 | 189,092,000 | 178,088,000 |
| Total loans | 145,477,000 | 148,814,000 | 153,973,000 | 152,720,000 |
| Allowance for loan losses | 1,832,000 | 1,902,000 | 1,971,000 | 1,985,000 |
| Securities available for sale | 12,939,000 | 12,587,000 | 12,065,000 | 12,357,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 149,241,000 | 156,387,000 | 172,737,000 | 156,479,000 |
| Interest-bearing deposits | 139,757,000 | 144,241,000 | 160,305,000 | 146,361,000 |
| Noninterest-bearing deposits | 9,484,000 | 12,146,000 | 12,432,000 | 10,118,000 |
| Equity capital | 13,334,000 | 13,665,000 | 14,848,000 | 15,116,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 2,339,000 | 4,877,000 | 7,749,000 | 10,734,000 |
| Interest expense | 1,127,000 | 2,400,000 | 3,769,000 | 5,193,000 |
| Net interest income | 1,212,000 | 2,477,000 | 3,980,000 | 5,541,000 |
| Noninterest income | 159,000 | 351,000 | 686,000 | 807,000 |
| Noninterest expense | 813,000 | 1,796,000 | 2,900,000 | 3,951,000 |
| Provision for loan losses | 70,000 | 140,000 | 209,000 | 279,000 |
| Pretax income | 441,000 | 845,000 | 1,510,000 | 2,071,000 |
| Income tax | 123,000 | 259,000 | 477,000 | 677,000 |
| Net income | 318,000 | 586,000 | 1,033,000 | 1,394,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,567,000 | 13,833,000 | 15,045,000 | 15,406,000 |
| Total capital | 15,399,000 | 15,735,000 | 17,016,000 | 17,391,000 |
| Risk-weighted assets | 148,759,000 | 154,893,000 | 161,522,000 | 159,480,000 |