Form 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the first thirteen week accounting Commission File
period ended June 30, 1995 Number 0-7638
FIRST MICHIGAN BANK CORPORATION
(Exact name of registrant as specified in its charter)
MICHIGAN 38-2024376
(State of other jurisdiction of (I.R.S. Employer
incorporation of organization) Identification No.)
One Financial Plaza, Holland, Michigan 49423
(Address of principal exeutive offices) (Zip Code)
Registrant's telephone number, including area code: (616) 396-9200
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes [X] No [ ]
The number of shares outstanding of each of the issuers classes of common
stock, as of the latest practicable date: 18,166,420 shares of the Company's
Common Stock ($1 par value) were outstanding as of June 30, 1995.
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from SEC Form
10-Q and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 114,362
<INT-BEARING-DEPOSITS> 3,822
<FED-FUNDS-SOLD> 29,650
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 168,022
<INVESTMENTS-CARRYING> 523,181
<INVESTMENTS-MARKET> 534,107
<LOANS> 2,036,253
<ALLOWANCE> 25,203
<TOTAL-ASSETS> 2,966,085
<DEPOSITS> 2,575,516
<SHORT-TERM> 126,511
<LIABILITIES-OTHER> 25,126
<LONG-TERM> 6,609
<COMMON> 18,166
0
0
<OTHER-SE> 214,157
<TOTAL-LIABILITIES-AND-EQUITY> 2,966,085
<INTEREST-LOAN> 93,671
<INTEREST-INVEST> 21,586
<INTEREST-OTHER> 659
<INTEREST-TOTAL> 115,916
<INTEREST-DEPOSIT> 52,046
<INTEREST-EXPENSE> 55,430
<INTEREST-INCOME-NET> 60,486
<LOAN-LOSSES> 3,628
<SECURITIES-GAINS> 18
<EXPENSE-OTHER> 48,904
<INCOME-PRETAX> 22,205
<INCOME-PRE-EXTRAORDINARY> 16,709
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 16,709
<EPS-PRIMARY> .91
<EPS-DILUTED> .91
<YIELD-ACTUAL> 4.77
<LOANS-NON> 5,045
<LOANS-PAST> 3,311
<LOANS-TROUBLED> 491
<LOANS-PROBLEM> 2,519
<ALLOWANCE-OPEN> 24,342
<CHARGE-OFFS> 1,539
<RECOVERIES> 520
<ALLOWANCE-CLOSE> 25,203
<ALLOWANCE-DOMESTIC> 25,203
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
