Call reports 2015
BANK OF NORTHERN MICHIGAN, THE — 2015
What BANK OF NORTHERN MICHIGAN, THE reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 |
|---|---|---|---|
| Total assets | 415,453,000 | 405,362,000 | 416,219,000 |
| Total loans | 295,032,000 | 303,027,000 | 295,036,000 |
| Allowance for loan losses | 5,554,000 | 0 | 0 |
| Securities available for sale | 33,629,000 | 28,009,000 | 25,967,000 |
| Securities held to maturity | 18,851,000 | 1,773,000 | 1,768,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 338,716,000 | 297,276,000 | 304,759,000 |
| Interest-bearing deposits | 298,431,000 | 251,199,000 | 258,103,000 |
| Noninterest-bearing deposits | 40,285,000 | 46,077,000 | 46,656,000 |
| Equity capital | 34,029,000 | 63,018,000 | 66,087,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 |
|---|---|---|---|
| Interest income | 3,624,000 | 7,234,000 | 10,627,000 |
| Interest expense | 636,000 | 1,216,000 | 1,678,000 |
| Net interest income | 2,988,000 | 6,018,000 | 8,949,000 |
| Noninterest income | 364,000 | 865,000 | 1,067,000 |
| Noninterest expense | 2,159,000 | 4,796,000 | 6,724,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 1,413,000 | 2,436,000 | 3,641,000 |
| Income tax | 377,000 | 368,000 | 625,000 |
| Net income | 1,031,000 | 2,059,000 | 3,007,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 |
|---|---|---|---|
| Tier 1 capital | 33,658,000 | 32,779,000 | 34,748,000 |
| Total capital | 37,646,000 | 32,779,000 | 34,924,000 |
| Risk-weighted assets | 317,318,000 | 323,425,000 | 320,909,000 |