Call reports 2019
WEST MICHIGAN COMMUNITY BANK — 2019
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 542,462,000 | 555,879,000 | 597,870,000 | 595,821,000 |
| Total loans | 463,963,000 | 477,150,000 | 502,280,000 | 519,527,000 |
| Allowance for loan losses | 6,476,000 | 6,705,000 | 7,073,000 | 7,329,000 |
| Securities available for sale | 41,194,000 | 45,199,000 | 43,891,000 | 46,935,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 130,000 | 352,000 | 570,000 | 379,000 |
| Total deposits | 453,836,000 | 457,870,000 | 503,611,000 | 508,532,000 |
| Interest-bearing deposits | 361,558,000 | 360,854,000 | 397,987,000 | 402,744,000 |
| Noninterest-bearing deposits | 92,278,000 | 97,016,000 | 105,624,000 | 105,788,000 |
| Equity capital | 54,571,000 | 56,661,000 | 58,651,000 | 60,525,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 6,301,000 | 13,001,000 | 19,926,000 | 26,721,000 |
| Interest expense | 1,355,000 | 2,795,000 | 4,264,000 | 5,557,000 |
| Net interest income | 4,946,000 | 10,206,000 | 15,662,000 | 21,164,000 |
| Noninterest income | 725,000 | 1,557,000 | 2,463,000 | 3,373,000 |
| Noninterest expense | 3,615,000 | 7,340,000 | 11,084,000 | 14,911,000 |
| Provision for loan losses | 235,000 | 455,000 | 813,000 | 1,059,000 |
| Pretax income | 1,821,000 | 3,968,000 | 6,228,000 | 8,567,000 |
| Income tax | 365,000 | 805,000 | 1,266,000 | 1,729,000 |
| Net income | 1,456,000 | 3,163,000 | 4,962,000 | 6,838,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,715,000 | 56,434,000 | 58,239,000 | 60,101,000 |
| Total capital | 61,099,000 | 62,983,000 | 65,196,000 | 67,308,000 |
| Risk-weighted assets | 510,638,000 | 523,747,000 | 556,444,000 | 576,452,000 |