Call reports 2024
WEST MICHIGAN COMMUNITY BANK — 2024
What WEST MICHIGAN COMMUNITY BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 990,734,000 | 1,001,481,000 | 1,041,621,000 | 1,048,484,000 |
| Total loans | 859,997,000 | 870,201,000 | 902,076,000 | 905,870,000 |
| Allowance for loan losses | 9,862,000 | 10,884,000 | 11,097,000 | 11,179,000 |
| Securities available for sale | 70,465,000 | 69,357,000 | 76,324,000 | 72,360,000 |
| Securities held to maturity | 2,168,000 | 2,088,000 | 2,035,000 | 1,954,000 |
| Trading assets | 3,222,000 | 2,527,000 | 1,675,000 | 2,271,000 |
| Total deposits | 817,801,000 | 865,507,000 | 884,530,000 | 940,296,000 |
| Interest-bearing deposits | 610,847,000 | 634,338,000 | 672,273,000 | 723,674,000 |
| Noninterest-bearing deposits | 206,954,000 | 231,169,000 | 212,257,000 | 216,622,000 |
| Equity capital | 85,841,000 | 87,993,000 | 94,171,000 | 89,601,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 14,134,000 | 28,495,000 | 43,431,000 | 58,659,000 |
| Interest expense | 5,669,000 | 11,413,000 | 17,200,000 | 22,837,000 |
| Net interest income | 8,465,000 | 17,082,000 | 26,231,000 | 35,822,000 |
| Noninterest income | 1,069,000 | 2,210,000 | 3,439,000 | 4,666,000 |
| Noninterest expense | 5,241,000 | 10,576,000 | 15,952,000 | 21,553,000 |
| Provision for loan losses | 475,000 | 1,500,000 | 1,710,000 | 1,790,000 |
| Pretax income | 3,805,000 | 7,197,000 | 12,020,000 | 17,136,000 |
| Income tax | 758,000 | 1,435,000 | 2,391,000 | 3,398,000 |
| Net income | 3,047,000 | 5,762,000 | 9,629,000 | 13,738,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 93,063,000 | 95,779,000 | 99,646,000 | 96,755,000 |