Call reports 2017
WEST MICHIGAN COMMUNITY BANK — 2017
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 407,831,000 | 414,000,000 | 432,151,000 | 431,531,000 |
| Total loans | 332,903,000 | 351,376,000 | 352,364,000 | 358,560,000 |
| Allowance for loan losses | 4,537,000 | 4,779,000 | 4,950,000 | 5,060,000 |
| Securities available for sale | 38,106,000 | 36,985,000 | 34,989,000 | 38,785,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 2,000 | 2,000 | 2,000 | 6,000 |
| Total deposits | 361,286,000 | 352,058,000 | 388,663,000 | 387,372,000 |
| Interest-bearing deposits | 289,320,000 | 280,066,000 | 312,527,000 | 309,753,000 |
| Noninterest-bearing deposits | 71,966,000 | 71,992,000 | 76,136,000 | 77,619,000 |
| Equity capital | 39,830,000 | 40,795,000 | 41,670,000 | 41,592,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,793,000 | 7,908,000 | 12,362,000 | 16,948,000 |
| Interest expense | 328,000 | 696,000 | 1,102,000 | 1,523,000 |
| Net interest income | 3,465,000 | 7,212,000 | 11,260,000 | 15,425,000 |
| Noninterest income | 711,000 | 1,492,000 | 2,295,000 | 3,028,000 |
| Noninterest expense | 3,214,000 | 6,490,000 | 9,834,000 | 13,483,000 |
| Provision for loan losses | 311,000 | 542,000 | 692,000 | 797,000 |
| Pretax income | 651,000 | 1,672,000 | 3,030,000 | 4,174,000 |
| Income tax | 187,000 | 513,000 | 949,000 | 2,019,000 |
| Net income | 464,000 | 1,159,000 | 2,081,000 | 2,155,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,991,000 | 40,683,000 | 41,609,000 | 41,701,000 |
| Total capital | 44,404,000 | 45,367,000 | 46,247,000 | 46,578,000 |
| Risk-weighted assets | 352,886,000 | 374,659,000 | 370,724,000 | 389,960,000 |