Call reports 2010
BANK OF NORTHERN MICHIGAN, THE — 2010
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 333,949,000 | 347,790,000 | 383,013,000 | 361,862,000 |
| Total loans | 256,875,000 | 268,376,000 | 277,140,000 | 279,180,000 |
| Allowance for loan losses | 3,372,000 | 3,763,000 | 4,170,000 | 4,031,000 |
| Securities available for sale | 51,939,000 | 45,117,000 | 44,326,000 | 49,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 1,369,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 258,156,000 | 271,115,000 | 305,645,000 | 285,084,000 |
| Interest-bearing deposits | 253,665,000 | 265,010,000 | 299,171,000 | 276,727,000 |
| Noninterest-bearing deposits | 4,491,000 | 6,105,000 | 6,474,000 | 8,357,000 |
| Equity capital | 29,400,000 | 30,206,000 | 30,884,000 | 30,611,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 4,123,000 | 8,343,000 | 12,642,000 | 17,012,000 |
| Interest expense | 1,796,000 | 3,509,000 | 5,199,000 | 6,758,000 |
| Net interest income | 2,327,000 | 4,834,000 | 7,443,000 | 10,254,000 |
| Noninterest income | 307,000 | 592,000 | 883,000 | 1,449,000 |
| Noninterest expense | 1,758,000 | 3,518,000 | 5,432,000 | 7,550,000 |
| Provision for loan losses | 452,000 | 1,042,000 | 1,494,000 | 1,945,000 |
| Pretax income | 448,000 | 1,028,000 | 1,744,000 | 2,862,000 |
| Income tax | 74,000 | 191,000 | 356,000 | 657,000 |
| Net income | 368,000 | 825,000 | 1,370,000 | 2,181,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,392,000 | 29,850,000 | 30,393,000 | 30,954,000 |
| Total capital | 32,701,000 | 33,302,000 | 33,960,000 | 34,491,000 |
| Risk-weighted assets | 264,686,000 | 275,829,000 | 284,737,000 | 282,446,000 |