Call reports 2007
BANK OF NORTHERN MICHIGAN, THE — 2007
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 221,253,000 | 245,547,000 | 259,146,000 | 272,662,000 |
| Total loans | 190,614,000 | 208,500,000 | 210,627,000 | 221,334,000 |
| Allowance for loan losses | 2,259,000 | 2,380,000 | 2,408,000 | 2,533,000 |
| Securities available for sale | 17,615,000 | 19,273,000 | 32,565,000 | 32,993,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 197,663,000 | 213,577,000 | 229,614,000 | 232,018,000 |
| Interest-bearing deposits | 192,494,000 | 204,280,000 | 222,769,000 | 224,440,000 |
| Noninterest-bearing deposits | 5,169,000 | 9,297,000 | 6,845,000 | 7,578,000 |
| Equity capital | 18,575,000 | 20,568,000 | 21,022,000 | 21,969,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,593,000 | 7,616,000 | 11,816,000 | 16,184,000 |
| Interest expense | 1,994,000 | 4,248,000 | 6,729,000 | 9,305,000 |
| Net interest income | 1,599,000 | 3,368,000 | 5,087,000 | 6,879,000 |
| Noninterest income | 325,000 | 742,000 | 1,031,000 | 1,250,000 |
| Noninterest expense | 1,580,000 | 3,148,000 | 4,623,000 | 6,152,000 |
| Provision for loan losses | 92,000 | 231,000 | 370,000 | 588,000 |
| Pretax income | 259,000 | 738,000 | 1,132,000 | 1,421,000 |
| Income tax | 72,000 | 219,000 | 338,000 | 421,000 |
| Net income | 187,000 | 519,000 | 794,000 | 1,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,074,000 | 21,213,000 | 21,492,000 | 22,219,000 |
| Total capital | 21,333,000 | 23,593,000 | 23,900,000 | 24,752,000 |
| Risk-weighted assets | 199,791,000 | 218,882,000 | 222,549,000 | 236,584,000 |