Call reports 2021
WEST MICHIGAN COMMUNITY BANK — 2021
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 771,479,000 | 781,233,000 | 797,799,000 | 865,147,000 |
| Total loans | 601,231,000 | 605,279,000 | 614,514,000 | 644,862,000 |
| Allowance for loan losses | 9,323,000 | 9,336,000 | 9,362,000 | 9,366,000 |
| Securities available for sale | 44,404,000 | 46,330,000 | 52,312,000 | 62,824,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 103,000 | 505,000 | 277,000 | 49,000 |
| Total deposits | 664,002,000 | 670,966,000 | 685,520,000 | 755,332,000 |
| Interest-bearing deposits | 477,302,000 | 436,494,000 | 456,750,000 | 512,380,000 |
| Noninterest-bearing deposits | 186,700,000 | 234,472,000 | 228,770,000 | 242,952,000 |
| Equity capital | 67,619,000 | 70,461,000 | 72,870,000 | 70,741,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,750,000 | 13,422,000 | 20,255,000 | 27,719,000 |
| Interest expense | 505,000 | 927,000 | 1,275,000 | 1,612,000 |
| Net interest income | 6,245,000 | 12,495,000 | 18,980,000 | 26,107,000 |
| Noninterest income | 1,638,000 | 2,929,000 | 4,235,000 | 5,604,000 |
| Noninterest expense | 4,333,000 | 8,551,000 | 12,997,000 | 17,742,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,532,000 | 6,859,000 | 10,205,000 | 13,939,000 |
| Income tax | 711,000 | 1,382,000 | 2,052,000 | 2,787,000 |
| Net income | 2,821,000 | 5,477,000 | 8,153,000 | 11,152,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,166,000 | 69,822,000 | 72,498,000 | 70,497,000 |