Call reports 2008
WEST MICHIGAN SAVINGS BANK, THE — 2008
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 32,003,000 | 31,100,000 | 31,738,000 | 33,095,000 |
| Total loans | 14,618,000 | 15,059,000 | 15,261,000 | 15,855,000 |
| Allowance for loan losses | 247,000 | 247,000 | 244,000 | 229,000 |
| Securities available for sale | 11,974,000 | 11,453,000 | 10,828,000 | 10,120,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,261,000 | 26,688,000 | 27,249,000 | 28,673,000 |
| Interest-bearing deposits | 23,333,000 | 22,870,000 | 22,531,000 | 23,077,000 |
| Noninterest-bearing deposits | 3,928,000 | 3,818,000 | 4,718,000 | 5,596,000 |
| Equity capital | 4,459,000 | 4,228,000 | 4,289,000 | 4,198,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 432,000 | 839,000 | 1,246,000 | 1,643,000 |
| Interest expense | 132,000 | 260,000 | 374,000 | 483,000 |
| Net interest income | 300,000 | 579,000 | 872,000 | 1,160,000 |
| Noninterest income | 35,000 | 71,000 | 112,000 | 151,000 |
| Noninterest expense | 287,000 | 581,000 | 881,000 | 1,207,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 49,000 | 70,000 | 104,000 | 106,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 49,000 | 70,000 | 104,000 | 106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,323,000 | 4,255,000 | 4,288,000 | 4,130,000 |
| Total capital | 4,519,000 | 4,449,000 | 4,484,000 | 4,335,000 |
| Risk-weighted assets | 15,617,000 | 15,499,000 | 15,660,000 | 16,376,000 |
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