Call reports 2015
WEST MICHIGAN COMMUNITY BANK — 2015
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 244,200,000 | 269,707,000 | 312,127,000 | 344,043,000 |
| Total loans | 209,747,000 | 222,040,000 | 242,232,000 | 247,759,000 |
| Allowance for loan losses | 2,840,000 | 3,008,000 | 3,289,000 | 3,388,000 |
| Securities available for sale | 21,216,000 | 20,959,000 | 21,157,000 | 33,525,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 8,000 | 0 | 13,000 | 5,000 |
| Total deposits | 216,719,000 | 230,987,000 | 273,117,000 | 298,832,000 |
| Interest-bearing deposits | 176,664,000 | 187,857,000 | 224,515,000 | 247,722,000 |
| Noninterest-bearing deposits | 40,055,000 | 43,130,000 | 48,602,000 | 51,110,000 |
| Equity capital | 20,965,000 | 32,176,000 | 32,640,000 | 37,513,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,371,000 | 4,993,000 | 7,720,000 | 10,658,000 |
| Interest expense | 201,000 | 407,000 | 641,000 | 901,000 |
| Net interest income | 2,170,000 | 4,586,000 | 7,079,000 | 9,757,000 |
| Noninterest income | 501,000 | 963,000 | 1,562,000 | 2,249,000 |
| Noninterest expense | 2,188,000 | 4,504,000 | 7,084,000 | 9,855,000 |
| Provision for loan losses | 287,000 | 449,000 | 709,000 | 809,000 |
| Pretax income | 217,000 | 617,000 | 882,000 | 1,376,000 |
| Income tax | 0 | 0 | 0 | -1,656,000 |
| Net income | 217,000 | 617,000 | 882,000 | 3,032,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,805,000 | 32,200,000 | 32,461,000 | 37,209,000 |
| Total capital | 23,527,000 | 35,076,000 | 35,652,000 | 40,578,000 |
| Risk-weighted assets | 217,623,000 | 229,890,000 | 255,191,000 | 269,281,000 |