Call reports 2018
WEST MICHIGAN COMMUNITY BANK — 2018
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 439,538,000 | 480,729,000 | 523,248,000 | 518,084,000 |
| Total loans | 376,203,000 | 412,962,000 | 433,457,000 | 446,734,000 |
| Allowance for loan losses | 5,313,000 | 5,842,000 | 6,031,000 | 6,234,000 |
| Securities available for sale | 37,762,000 | 36,223,000 | 40,476,000 | 39,357,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 32,000 | 20,000 | 64,000 | 58,000 |
| Total deposits | 390,839,000 | 402,999,000 | 437,683,000 | 439,561,000 |
| Interest-bearing deposits | 309,596,000 | 311,503,000 | 344,858,000 | 349,510,000 |
| Noninterest-bearing deposits | 81,243,000 | 91,496,000 | 92,825,000 | 90,051,000 |
| Equity capital | 41,783,000 | 42,442,000 | 48,960,000 | 52,689,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 4,681,000 | 9,771,000 | 15,388,000 | 21,350,000 |
| Interest expense | 491,000 | 1,183,000 | 2,057,000 | 3,075,000 |
| Net interest income | 4,190,000 | 8,588,000 | 13,331,000 | 18,275,000 |
| Noninterest income | 702,000 | 1,445,000 | 2,250,000 | 2,971,000 |
| Noninterest expense | 3,584,000 | 7,239,000 | 11,643,000 | 15,591,000 |
| Provision for loan losses | 245,000 | 765,000 | 950,000 | 1,150,000 |
| Pretax income | 1,063,000 | 2,029,000 | 2,988,000 | 4,505,000 |
| Income tax | 209,000 | 395,000 | 596,000 | 938,000 |
| Net income | 854,000 | 1,634,000 | 2,392,000 | 3,567,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,540,000 | 43,318,000 | 50,069,000 | 53,247,000 |
| Total capital | 47,853,000 | 49,059,000 | 55,950,000 | 59,360,000 |
| Risk-weighted assets | 427,028,000 | 459,169,000 | 470,311,000 | 488,952,000 |