Call reports 2008
WEST MICHIGAN COMMUNITY BANK — 2008
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 176,572,000 | 173,914,000 | 174,647,000 | 164,361,000 |
| Total loans | 142,188,000 | 144,402,000 | 140,428,000 | 138,465,000 |
| Allowance for loan losses | 2,961,000 | 3,875,000 | 3,289,000 | 3,126,000 |
| Securities available for sale | 12,321,000 | 11,647,000 | 11,134,000 | 11,010,000 |
| Securities held to maturity | 5,000 | 4,000 | 3,000 | 3,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,567,000 | 139,248,000 | 141,630,000 | 137,371,000 |
| Interest-bearing deposits | 130,753,000 | 125,378,000 | 129,994,000 | 125,449,000 |
| Noninterest-bearing deposits | 11,814,000 | 13,870,000 | 11,636,000 | 11,922,000 |
| Equity capital | 21,763,000 | 21,900,000 | 22,012,000 | 14,162,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,659,000 | 5,082,000 | 7,606,000 | 9,904,000 |
| Interest expense | 1,442,000 | 2,601,000 | 3,711,000 | 4,744,000 |
| Net interest income | 1,217,000 | 2,481,000 | 3,895,000 | 5,160,000 |
| Noninterest income | 317,000 | 701,000 | 1,031,000 | 1,316,000 |
| Noninterest expense | 1,348,000 | 2,701,000 | 3,974,000 | 13,093,000 |
| Provision for loan losses | 450,000 | 1,450,000 | 1,775,000 | 2,105,000 |
| Pretax income | -264,000 | -969,000 | -823,000 | -8,722,000 |
| Income tax | -98,000 | -348,000 | -309,000 | -299,000 |
| Net income | -166,000 | -621,000 | -514,000 | -8,423,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,309,000 | 13,596,000 | 13,745,000 | 13,114,000 |
| Total capital | 15,173,000 | 15,462,000 | 15,603,000 | 14,936,000 |
| Risk-weighted assets | 148,015,000 | 147,278,000 | 147,180,000 | 144,479,000 |
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