Call reports 2014
BANK OF NORTHERN MICHIGAN, THE — 2014
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 377,885,000 | 368,574,000 | 412,079,000 | 387,643,000 |
| Total loans | 267,422,000 | 276,642,000 | 284,407,000 | 294,707,000 |
| Allowance for loan losses | 5,390,000 | 5,350,000 | 5,484,000 | 5,584,000 |
| Securities available for sale | 44,686,000 | 42,929,000 | 40,851,000 | 39,159,000 |
| Securities held to maturity | 18,857,000 | 20,797,000 | 20,734,000 | 20,504,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 303,433,000 | 293,480,000 | 336,186,000 | 311,419,000 |
| Interest-bearing deposits | 263,443,000 | 256,117,000 | 293,400,000 | 266,283,000 |
| Noninterest-bearing deposits | 39,990,000 | 37,363,000 | 42,786,000 | 45,136,000 |
| Equity capital | 31,895,000 | 32,674,000 | 33,079,000 | 33,788,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,401,000 | 6,830,000 | 10,292,000 | 14,441,000 |
| Interest expense | 630,000 | 1,271,000 | 1,951,000 | 2,624,000 |
| Net interest income | 2,771,000 | 5,559,000 | 8,341,000 | 11,817,000 |
| Noninterest income | 229,000 | 474,000 | 766,000 | 1,107,000 |
| Noninterest expense | 2,073,000 | 4,227,000 | 6,352,000 | 8,349,000 |
| Provision for loan losses | 25,000 | 50,000 | 75,000 | 75,000 |
| Pretax income | 902,000 | 1,756,000 | 2,680,000 | 4,500,000 |
| Income tax | 263,000 | 457,000 | 527,000 | 1,066,000 |
| Net income | 634,000 | 1,288,000 | 2,137,000 | 3,413,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,637,000 | 33,289,000 | 33,635,000 | 34,150,000 |
| Total capital | 36,057,000 | 36,834,000 | 37,271,000 | 37,867,000 |
| Risk-weighted assets | 271,209,000 | 281,386,000 | 288,612,000 | 295,058,000 |