Call reports 2016
WEST MICHIGAN BANK & TRUST — 2016
What WEST MICHIGAN BANK & TRUST reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 |
|---|---|---|
| Total assets | 40,812,000 | 40,160,000 |
| Total loans | 12,864,000 | 13,367,000 |
| Allowance for loan losses | 170,000 | 170,000 |
| Securities available for sale | 20,694,000 | 17,329,000 |
| Securities held to maturity | 644,000 | 479,000 |
| Trading assets | 0 | 0 |
| Total deposits | 31,426,000 | 32,687,000 |
| Interest-bearing deposits | 28,548,000 | 29,476,000 |
| Noninterest-bearing deposits | 2,878,000 | 3,211,000 |
| Equity capital | 7,316,000 | 7,389,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 |
|---|---|---|
| Interest income | 269,000 | 535,000 |
| Interest expense | 22,000 | 49,000 |
| Net interest income | 247,000 | 486,000 |
| Noninterest income | 69,000 | 147,000 |
| Noninterest expense | 367,000 | 782,000 |
| Provision for loan losses | 0 | 0 |
| Pretax income | -51,000 | -149,000 |
| Income tax | 0 | 0 |
| Net income | -51,000 | -149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 |
|---|---|---|
| Tier 1 capital | 7,386,000 | 7,287,000 |
| Total capital | 7,556,000 | 7,457,000 |
| Risk-weighted assets | 16,357,000 | 16,532,000 |