First Bank (FRBA) Financial Statements (2026 and earlier)

Company Profile

Business Address 311 WOODWORTH AVE
ALMA, MI 48801
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 120,434160,658
Cash and cash equivalent 74,65499,601
Short-term investments 45,78061,057
Total current assets: 120,434160,658
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 24,16924,356
Intangible asset, including goodwill, after accumulated amortization✕36,10936,478
Goodwill 35,51335,513
Intangible asset, excluding goodwill, after accumulated amortization 596965
Total noncurrent assets: 60,27860,834
Other undisclosed assets 1,299,0131,277,270
TOTAL ASSETS: 1,479,7251,498,762
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 1,342,0991,351,704
Total liabilities: 1,342,0991,351,704
Equity
Equity, attributable to parent 137,626147,058
Preferred stock  16,908
Common stock 116,640115,621
Accumulated other comprehensive income 2473,608
Retained earnings 20,73910,921
Total equity: 137,626147,058
TOTAL LIABILITIES AND EQUITY: 1,479,7251,498,762

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2014
TTM
12/31/2013
12/31/2012
Revenues
(Financial Services Revenue)		 58,27462,866
Cost of revenue
(Financial Services Costs)		 (1,830)(7,690)
Gross profit: 56,44455,176
Operating expenses (25,836)(24,654)
Operating income: 30,60830,522
Nonoperating income 626653
Investment income, nonoperating 190169
Gains on sales of other real estate 436484
Interest and debt expense (6,174)(8,374)
Other undisclosed loss from continuing operations before equity method investments, income taxes (13,463)(10,873)
Income from continuing operations before equity method investments, income taxes: 11,59711,928
Income from equity method investments  5,190
Income from continuing operations before income taxes: 11,59717,118
Income tax expense (5,134)(4,256)
Income from continuing operations: 6,46312,862
Income before gain (loss) on sale of properties: 6,46312,862
Other undisclosed net income (loss) 5,771(2,328)
Net income attributable to parent: 12,23410,534
Preferred stock dividends and other adjustments (481)(1,275)
Net income available to common stockholders, diluted: 11,7539,259

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2014
TTM
12/31/2013
12/31/2012
Net income: 12,23410,534
Other comprehensive income (loss) (3,361)11,246
Comprehensive income: 8,87321,780
Other undisclosed comprehensive loss, net of tax, attributable to parent  (10,534)
Comprehensive income, net of tax, attributable to parent: 8,87311,246

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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