Call reports 2020
WEST MICHIGAN COMMUNITY BANK — 2020
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 635,423,000 | 702,973,000 | 706,211,000 | 755,491,000 |
| Total loans | 544,102,000 | 592,163,000 | 602,910,000 | 578,411,000 |
| Allowance for loan losses | 7,786,000 | 9,048,000 | 9,313,000 | 9,318,000 |
| Securities available for sale | 46,076,000 | 41,320,000 | 36,841,000 | 37,810,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,104,000 | 1,159,000 | 1,107,000 | 989,000 |
| Total deposits | 513,086,000 | 584,587,000 | 598,591,000 | 649,991,000 |
| Interest-bearing deposits | 406,411,000 | 431,735,000 | 440,887,000 | 481,330,000 |
| Noninterest-bearing deposits | 106,675,000 | 152,852,000 | 157,704,000 | 168,661,000 |
| Equity capital | 63,070,000 | 64,674,000 | 67,771,000 | 65,400,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,903,000 | 13,762,000 | 20,691,000 | 27,549,000 |
| Interest expense | 1,245,000 | 2,117,000 | 2,820,000 | 3,429,000 |
| Net interest income | 5,658,000 | 11,645,000 | 17,871,000 | 24,120,000 |
| Noninterest income | 885,000 | 1,918,000 | 3,950,000 | 5,684,000 |
| Noninterest expense | 4,026,000 | 7,674,000 | 11,936,000 | 16,488,000 |
| Provision for loan losses | 450,000 | 1,670,000 | 1,919,000 | 1,919,000 |
| Pretax income | 2,067,000 | 4,258,000 | 8,005,000 | 11,433,000 |
| Income tax | 414,000 | 856,000 | 1,496,000 | 2,189,000 |
| Net income | 1,653,000 | 3,402,000 | 6,509,000 | 9,244,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,755,000 | 63,503,000 | 66,610,000 | 64,345,000 |
| Total capital | 69,209,000 | — | — | — |
| Risk-weighted assets | 595,999,000 | — | — | — |