Call reports 2006
BANK OF NORTHERN MICHIGAN, THE — 2006
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 190,173,000 | 187,801,000 | 207,371,000 | 211,472,000 |
| Total loans | 154,694,000 | 158,548,000 | 170,646,000 | 176,784,000 |
| Allowance for loan losses | 2,077,000 | 2,096,000 | 2,264,000 | 2,266,000 |
| Securities available for sale | 13,444,000 | 14,387,000 | 17,160,000 | 18,533,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,273,000 | 167,430,000 | 188,961,000 | 185,800,000 |
| Interest-bearing deposits | 161,768,000 | 163,674,000 | 181,374,000 | 177,418,000 |
| Noninterest-bearing deposits | 11,505,000 | 3,756,000 | 7,587,000 | 8,382,000 |
| Equity capital | 15,344,000 | 15,687,000 | 16,600,000 | 17,350,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 3,006,000 | 6,100,000 | 9,483,000 | 13,039,000 |
| Interest expense | 1,541,000 | 3,132,000 | 4,881,000 | 6,824,000 |
| Net interest income | 1,465,000 | 2,968,000 | 4,602,000 | 6,215,000 |
| Noninterest income | 209,000 | 417,000 | 703,000 | 1,014,000 |
| Noninterest expense | 1,213,000 | 2,496,000 | 3,851,000 | 5,292,000 |
| Provision for loan losses | 90,000 | 180,000 | 347,000 | 513,000 |
| Pretax income | 371,000 | 709,000 | 1,107,000 | 1,424,000 |
| Income tax | 125,000 | 237,000 | 359,000 | 453,000 |
| Net income | 246,000 | 472,000 | 748,000 | 971,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,648,000 | 16,373,000 | 17,156,000 | 17,884,000 |
| Total capital | 17,694,000 | 18,455,000 | 19,385,000 | 20,150,000 |
| Risk-weighted assets | 163,631,000 | 166,512,000 | 178,347,000 | 187,617,000 |