Call reports 2012
BANK OF NORTHERN MICHIGAN, THE — 2012
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 372,674,000 | 371,844,000 | 384,645,000 | 342,933,000 |
| Total loans | 266,417,000 | 260,599,000 | 258,620,000 | 255,958,000 |
| Allowance for loan losses | 4,511,000 | 4,748,000 | 5,067,000 | 5,216,000 |
| Securities available for sale | 71,829,000 | 55,682,000 | 71,865,000 | 60,931,000 |
| Securities held to maturity | 1,371,000 | 1,371,000 | 1,371,000 | 1,371,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 308,943,000 | 306,620,000 | 318,929,000 | 289,625,000 |
| Interest-bearing deposits | 302,028,000 | 298,107,000 | 309,083,000 | 248,070,000 |
| Noninterest-bearing deposits | 6,915,000 | 8,513,000 | 9,846,000 | 41,555,000 |
| Equity capital | 32,619,000 | 32,659,000 | 32,759,000 | 32,981,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 3,983,000 | 7,774,000 | 11,481,000 | 15,059,000 |
| Interest expense | 1,058,000 | 1,996,000 | 2,896,000 | 3,898,000 |
| Net interest income | 2,925,000 | 5,778,000 | 8,585,000 | 11,161,000 |
| Noninterest income | 258,000 | 623,000 | 1,282,000 | 1,930,000 |
| Noninterest expense | 2,020,000 | 4,129,000 | 6,239,000 | 8,260,000 |
| Provision for loan losses | 406,000 | 1,012,000 | 1,419,000 | 1,825,000 |
| Pretax income | 935,000 | 1,913,000 | 2,862,000 | 3,750,000 |
| Income tax | 271,000 | 550,000 | 818,000 | 879,000 |
| Net income | 658,000 | 1,352,000 | 2,027,000 | 2,849,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,905,000 | 32,088,000 | 32,266,000 | 32,591,000 |
| Total capital | 35,193,000 | 35,370,000 | 35,568,000 | 35,873,000 |
| Risk-weighted assets | 261,710,000 | 260,920,000 | 262,229,000 | 260,466,000 |