Call reports 2013
BANK OF NORTHERN MICHIGAN, THE — 2013
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 348,747,000 | 350,868,000 | 390,849,000 | 375,305,000 |
| Total loans | 257,358,000 | 254,495,000 | 257,545,000 | 264,575,000 |
| Allowance for loan losses | 5,255,000 | 5,004,000 | 5,259,000 | 5,313,000 |
| Securities available for sale | 64,047,000 | 50,827,000 | 47,733,000 | 43,316,000 |
| Securities held to maturity | 2,009,000 | 19,021,000 | 18,975,000 | 18,920,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 300,287,000 | 283,038,000 | 314,314,000 | 299,106,000 |
| Interest-bearing deposits | 267,584,000 | 247,448,000 | 276,096,000 | 256,464,000 |
| Noninterest-bearing deposits | 32,703,000 | 35,590,000 | 38,218,000 | 42,642,000 |
| Equity capital | 33,076,000 | 32,515,000 | 32,756,000 | 31,926,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,496,000 | 6,869,000 | 10,325,000 | 13,765,000 |
| Interest expense | 650,000 | 1,261,000 | 1,887,000 | 2,544,000 |
| Net interest income | 2,846,000 | 5,608,000 | 8,438,000 | 11,221,000 |
| Noninterest income | 599,000 | 1,027,000 | 1,728,000 | 2,079,000 |
| Noninterest expense | 2,259,000 | 4,344,000 | 6,369,000 | 8,601,000 |
| Provision for loan losses | 195,000 | 390,000 | 585,000 | 630,000 |
| Pretax income | 991,000 | 2,018,000 | 3,329,000 | 4,177,000 |
| Income tax | 290,000 | 592,000 | 991,000 | 1,251,000 |
| Net income | 696,000 | 1,415,000 | 2,322,000 | 2,904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,785,000 | 33,011,000 | 33,416,000 | 33,003,000 |
| Total capital | 36,075,000 | 36,307,000 | 36,782,000 | 36,434,000 |
| Risk-weighted assets | 260,993,000 | 261,732,000 | 267,176,000 | 272,179,000 |