Call reports 2022
WEST MICHIGAN COMMUNITY BANK — 2022
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 846,720,000 | 826,888,000 | 884,356,000 | 903,424,000 |
| Total loans | 678,553,000 | 698,718,000 | 750,948,000 | 767,303,000 |
| Allowance for loan losses | 10,103,000 | 10,185,000 | 10,786,000 | 11,349,000 |
| Securities available for sale | 68,584,000 | 65,686,000 | 62,520,000 | 59,026,000 |
| Securities held to maturity | 2,729,000 | 2,654,000 | 2,605,000 | 2,529,000 |
| Trading assets | 2,119,000 | 2,724,000 | 4,071,000 | 3,738,000 |
| Total deposits | 736,991,000 | 730,425,000 | 750,644,000 | 762,689,000 |
| Interest-bearing deposits | 495,344,000 | 457,891,000 | 493,566,000 | 514,538,000 |
| Noninterest-bearing deposits | 241,647,000 | 272,534,000 | 257,078,000 | 248,151,000 |
| Equity capital | 69,166,000 | 70,609,000 | 72,772,000 | 70,512,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 7,269,000 | 15,156,000 | 24,339,000 | 35,072,000 |
| Interest expense | 323,000 | 612,000 | 1,241,000 | 3,133,000 |
| Net interest income | 6,946,000 | 14,544,000 | 23,098,000 | 31,939,000 |
| Noninterest income | 1,094,000 | 2,076,000 | 3,077,000 | 3,971,000 |
| Noninterest expense | 4,748,000 | 9,539,000 | 14,276,000 | 19,232,000 |
| Provision for loan losses | 736,000 | 824,000 | 1,429,000 | 1,993,000 |
| Pretax income | 2,509,000 | 6,189,000 | 10,383,000 | 14,568,000 |
| Income tax | 497,000 | 1,234,000 | 2,078,000 | 2,915,000 |
| Net income | 2,012,000 | 4,955,000 | 8,305,000 | 11,653,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,509,000 | 75,452,000 | 78,802,000 | 78,150,000 |