Call reports 2016
WEST MICHIGAN COMMUNITY BANK — 2016
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 357,569,000 | 354,929,000 | 380,707,000 | 395,528,000 |
| Total loans | 266,773,000 | 300,569,000 | 302,878,000 | 306,253,000 |
| Allowance for loan losses | 3,627,000 | 3,960,000 | 4,129,000 | 4,210,000 |
| Securities available for sale | 34,012,000 | 33,202,000 | 32,077,000 | 34,021,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 19,000 | 23,000 | 19,000 | 0 |
| Total deposits | 313,026,000 | 299,221,000 | 334,502,000 | 348,775,000 |
| Interest-bearing deposits | 257,497,000 | 240,376,000 | 261,558,000 | 277,986,000 |
| Noninterest-bearing deposits | 55,529,000 | 58,845,000 | 72,944,000 | 70,789,000 |
| Equity capital | 38,000,000 | 38,560,000 | 39,267,000 | 39,332,000 |
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 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,016,000 | 6,392,000 | 10,012,000 | 13,616,000 |
| Interest expense | 265,000 | 529,000 | 805,000 | 1,107,000 |
| Net interest income | 2,751,000 | 5,863,000 | 9,207,000 | 12,509,000 |
| Noninterest income | 618,000 | 1,313,000 | 2,050,000 | 2,830,000 |
| Noninterest expense | 2,769,000 | 5,666,000 | 8,648,000 | 11,639,000 |
| Provision for loan losses | 212,000 | 520,000 | 680,000 | 745,000 |
| Pretax income | 388,000 | 990,000 | 1,929,000 | 2,955,000 |
| Income tax | 117,000 | 307,000 | 614,000 | 937,000 |
| Net income | 271,000 | 683,000 | 1,315,000 | 2,018,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,681,000 | 38,196,000 | 38,827,000 | 39,528,000 |
| Total capital | 41,268,000 | 42,156,000 | 42,873,000 | 43,628,000 |
| Risk-weighted assets | 286,834,000 | 323,322,000 | 323,680,000 | 327,879,000 |