First Bank (FRBA) Financial Statements (2024 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)

3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120,43490,98289,370198,259 
Cash and cash equivalents74,65459,96351,751110,767 
Short-term investments45,78031,01937,61987,492 
Total current assets:120,43490,98289,370198,259 
Noncurrent Assets
Property, plant and equipment24,16923,89324,32224,499 
Intangible assets, net (including goodwill)36,10936,18836,27436,376
Goodwill35,51335,51335,51335,513 
Intangible assets, net (excluding goodwill)596675761863 
Total noncurrent assets:60,27860,08160,59660,875 
Other undisclosed assets1,299,0131,325,8881,307,0801,256,369 
TOTAL ASSETS:1,479,7251,476,9511,457,0461,515,503 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,342,0991,341,6361,324,6021,366,136 
Total liabilities:1,342,0991,341,6361,324,6021,366,136 
Equity
Equity, attributable to parent137,626135,315132,444149,367 
Preferred stock    16,912 
Common stock116,640116,466116,369115,861 
Accumulated other comprehensive income2477853963,509 
Retained earnings20,73918,06415,67913,085 
Total equity:137,626135,315132,444149,367 
TOTAL LIABILITIES AND EQUITY:1,479,7251,476,9511,457,0461,515,503 

Income Statement (P&L) ($ in thousands)

3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Revenues
(Financial Services Revenue)
14,46814,38314,75114,672 
Cost of revenue
(Financial Services Costs)
   (552)(1,278) 
Gross profit:14,46814,38314,19913,394 
Operating expenses(6,331)(6,976)(6,199)(6,331) 
Operating income:8,1377,4078,0007,063 
Nonoperating income478326155 
Investment income, nonoperating 326155 
Interest and debt expense(1,426)(1,528)(1,560)(1,660) 
Other undisclosed loss from continuing operations before equity method investments, income taxes (13,463)    
Income (loss) from continuing operations before income taxes:(6,274)5,9116,5015,458 
Income tax expense(1,382)(1,225)(1,362)(1,165) 
Income (loss) from continuing operations:(7,656)4,6865,1394,293 
Income (loss) before gain (loss) on sale of properties:(7,656)4,6865,1394,293 
Other undisclosed net income (loss)10,815(1,817)(1,796)(1,430) 
Net income attributable to parent:3,1592,8693,3432,863 
Preferred stock dividends and other adjustments   (266)(209) 
Net income available to common stockholders, diluted:3,1592,8693,0772,654 

Comprehensive Income ($ in thousands)

3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Net income:3,1592,8693,3432,863 
Other comprehensive income (loss)(538)389(3,113)(99) 
Comprehensive income, net of tax, attributable to parent:2,6213,2582302,764 

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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