Call reports 2009
BANK OF NORTHERN MICHIGAN, THE — 2009
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 323,653,000 | 335,231,000 | 344,636,000 | 332,776,000 |
| Total loans | 257,094,000 | 263,897,000 | 261,835,000 | 261,717,000 |
| Allowance for loan losses | 2,952,000 | 3,037,000 | 3,110,000 | 3,445,000 |
| Securities available for sale | 42,854,000 | 50,650,000 | 48,463,000 | 48,852,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 248,250,000 | 251,963,000 | 270,803,000 | 253,896,000 |
| Interest-bearing deposits | 244,994,000 | 246,858,000 | 265,964,000 | 248,909,000 |
| Noninterest-bearing deposits | 3,256,000 | 5,105,000 | 4,839,000 | 4,987,000 |
| Equity capital | 26,258,000 | 26,279,000 | 27,152,000 | 27,466,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 4,299,000 | 8,508,000 | 12,833,000 | 16,982,000 |
| Interest expense | 2,279,000 | 4,417,000 | 6,496,000 | 8,420,000 |
| Net interest income | 2,020,000 | 4,091,000 | 6,337,000 | 8,562,000 |
| Noninterest income | 445,000 | 1,134,000 | 1,426,000 | 1,658,000 |
| Noninterest expense | 1,898,000 | 3,948,000 | 5,739,000 | 7,095,000 |
| Provision for loan losses | 650,000 | 1,025,000 | 1,400,000 | 2,150,000 |
| Pretax income | 400,000 | 740,000 | 1,112,000 | 1,618,000 |
| Income tax | 120,000 | 165,000 | 196,000 | 270,000 |
| Net income | 274,000 | 562,000 | 897,000 | 1,322,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,445,000 | 26,726,000 | 27,059,000 | 27,475,000 |
| Total capital | 29,397,000 | 29,763,000 | 30,169,000 | 30,846,000 |
| Risk-weighted assets | 264,426,000 | 273,162,000 | 272,405,000 | 269,579,000 |