First Bank (FRBA) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

3/31/2014
TTM
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 120161
Cash and cash equivalents 75100
Short-term investments 4661
Total current assets: 120161
Noncurrent Assets
Property, plant and equipment 2424
Intangible assets, net (including goodwill) 3636
Goodwill 3636
Intangible assets, net (excluding goodwill) 11
Total noncurrent assets: 6061
Other undisclosed assets 1,2991,277
TOTAL ASSETS: 1,4801,499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 1,3421,352
Total liabilities: 1,3421,352
Stockholders' equity
Stockholders' equity attributable to parent 138147
Preferred stock  17
Common stock 117116
Accumulated other comprehensive income 04
Retained earnings 2111
Total stockholders' equity: 138147
TOTAL LIABILITIES AND EQUITY: 1,4801,499

Income statement (P&L) ($ in millions)

3/31/2014
TTM
12/31/2013
12/31/2012
Revenues
(Financial Services Revenue)
 5863
Cost of revenue
(Financial Services Costs)
 (2)(8)
Gross profit: 5655
Operating expenses (26)(25)
Operating income: 3131
Nonoperating income 11
Investment income, nonoperating 00
Gains on sales of other real estate 00
Interest and debt expense (6)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes (13)(11)
Income from continuing operations before equity method investments, income taxes: 1212
Income from equity method investments  5
Income from continuing operations before income taxes: 1217
Income tax expense (5)(4)
Income before gain (loss) on sale of properties: 613
Other undisclosed net income (loss) 6(2)
Net income attributable to parent: 1211
Preferred stock dividends and other adjustments (0)(1)
Net income available to common stockholders, diluted: 129

Comprehensive Income ($ in millions)

3/31/2014
TTM
12/31/2013
12/31/2012
Net income: 1211
Other comprehensive income (loss) (3)11
Comprehensive income: 922
Other undisclosed comprehensive loss, net of tax, attributable to parent  (11)
Comprehensive income, net of tax, attributable to parent: 911

Statements sources

The financial statements are based on the company's filings with the 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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