Call reports 2011
BANK OF NORTHERN MICHIGAN, THE — 2011
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 364,924,000 | 365,083,000 | 376,383,000 | 367,804,000 |
| Total loans | 266,630,000 | 263,727,000 | 274,873,000 | 273,950,000 |
| Allowance for loan losses | 4,314,000 | 4,162,000 | 4,106,000 | 4,575,000 |
| Securities available for sale | 69,201,000 | 68,570,000 | 69,664,000 | 72,456,000 |
| Securities held to maturity | 1,370,000 | 1,370,000 | 1,371,000 | 1,371,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 288,210,000 | 291,485,000 | 301,927,000 | 297,731,000 |
| Interest-bearing deposits | 280,917,000 | 284,095,000 | 292,977,000 | 290,319,000 |
| Noninterest-bearing deposits | 7,293,000 | 7,390,000 | 8,950,000 | 7,412,000 |
| Equity capital | 30,807,000 | 31,828,000 | 32,562,000 | 33,179,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 4,223,000 | 8,432,000 | 12,612,000 | 16,822,000 |
| Interest expense | 1,420,000 | 2,727,000 | 3,984,000 | 5,120,000 |
| Net interest income | 2,803,000 | 5,705,000 | 8,628,000 | 11,702,000 |
| Noninterest income | 498,000 | 705,000 | 1,082,000 | 1,454,000 |
| Noninterest expense | 2,027,000 | 3,965,000 | 5,914,000 | 8,121,000 |
| Provision for loan losses | 450,000 | 750,000 | 1,250,000 | 2,000,000 |
| Pretax income | 824,000 | 1,695,000 | 2,622,000 | 3,228,000 |
| Income tax | 212,000 | 441,000 | 689,000 | 405,000 |
| Net income | 606,000 | 1,242,000 | 1,916,000 | 2,800,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,058,000 | 31,194,000 | 31,364,000 | 32,247,000 |
| Total capital | 34,397,000 | 34,467,000 | 34,759,000 | 35,578,000 |
| Risk-weighted assets | 266,172,000 | 260,917,000 | 270,868,000 | 265,242,000 |