Call reports 2007
WEST MICHIGAN SAVINGS BANK, THE — 2007
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 31,005,000 | 29,445,000 | 31,560,000 | 32,403,000 |
| Total loans | 14,712,000 | 14,882,000 | 14,603,000 | 15,416,000 |
| Allowance for loan losses | 259,000 | 251,000 | 247,000 | 247,000 |
| Securities available for sale | 11,303,000 | 11,797,000 | 10,572,000 | 11,230,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,525,000 | 25,051,000 | 26,948,000 | 27,877,000 |
| Interest-bearing deposits | 21,583,000 | 21,291,000 | 22,186,000 | 22,574,000 |
| Noninterest-bearing deposits | 4,942,000 | 3,760,000 | 4,762,000 | 5,303,000 |
| Equity capital | 4,335,000 | 4,254,000 | 4,404,000 | 4,312,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 423,000 | 849,000 | 1,293,000 | 1,721,000 |
| Interest expense | 99,000 | 201,000 | 316,000 | 444,000 |
| Net interest income | 324,000 | 648,000 | 977,000 | 1,277,000 |
| Noninterest income | 33,000 | 68,000 | 106,000 | 141,000 |
| Noninterest expense | 278,000 | 556,000 | 846,000 | 1,156,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 80,000 | 161,000 | 238,000 | 263,000 |
| Income tax | 12,000 | 25,000 | 30,000 | 20,000 |
| Net income | 68,000 | 136,000 | 208,000 | 243,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,350,000 | 4,328,000 | 4,399,000 | 4,274,000 |
| Total capital | 4,547,000 | 4,522,000 | 4,592,000 | 4,479,000 |
| Risk-weighted assets | 15,663,000 | 15,468,000 | 15,374,000 | 16,335,000 |
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