Call reports 2023
WEST MICHIGAN COMMUNITY BANK — 2023
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 929,777,000 | 945,154,000 | 938,012,000 | 953,657,000 |
| Total loans | 795,689,000 | 815,601,000 | 820,649,000 | 837,594,000 |
| Allowance for loan losses | 9,358,000 | 9,751,000 | 9,748,000 | 9,388,000 |
| Securities available for sale | 57,893,000 | 57,088,000 | 54,851,000 | 60,677,000 |
| Securities held to maturity | 2,453,000 | 2,376,000 | 2,325,000 | 2,247,000 |
| Trading assets | 2,969,000 | 3,474,000 | 3,991,000 | 2,900,000 |
| Total deposits | 760,560,000 | 785,477,000 | 809,590,000 | 822,964,000 |
| Interest-bearing deposits | 545,956,000 | 548,063,000 | 598,783,000 | 604,766,000 |
| Noninterest-bearing deposits | 214,604,000 | 237,414,000 | 210,807,000 | 218,198,000 |
| Equity capital | 76,070,000 | 79,662,000 | 82,520,000 | 83,772,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 11,610,000 | 24,041,000 | 37,290,000 | 50,628,000 |
| Interest expense | 3,218,000 | 7,311,000 | 11,972,000 | 16,887,000 |
| Net interest income | 8,392,000 | 16,730,000 | 25,318,000 | 33,741,000 |
| Noninterest income | 930,000 | 1,925,000 | 3,009,000 | 4,080,000 |
| Noninterest expense | 5,059,000 | 10,044,000 | 15,271,000 | 19,927,000 |
| Provision for loan losses | 405,000 | 805,000 | 805,000 | 445,000 |
| Pretax income | 3,859,000 | 7,814,000 | 12,243,000 | 17,461,000 |
| Income tax | 741,000 | 1,539,000 | 2,434,000 | 3,490,000 |
| Net income | 3,118,000 | 6,275,000 | 9,809,000 | 13,971,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 83,668,000 | 86,825,000 | 90,360,000 | 90,017,000 |