Call reports 2010
WEST MICHIGAN SAVINGS BANK, THE — 2010
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 35,628,000 | 34,943,000 | 35,911,000 | 38,114,000 |
| Total loans | 15,173,000 | 15,548,000 | 15,305,000 | 15,049,000 |
| Allowance for loan losses | 188,000 | 216,000 | 220,000 | 214,000 |
| Securities available for sale | 13,089,000 | 13,129,000 | 14,239,000 | 13,386,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,238,000 | 30,664,000 | 31,414,000 | 33,936,000 |
| Interest-bearing deposits | 26,929,000 | 26,594,000 | 26,718,000 | 27,935,000 |
| Noninterest-bearing deposits | 4,309,000 | 4,070,000 | 4,696,000 | 6,001,000 |
| Equity capital | 4,195,000 | 4,070,000 | 4,233,000 | 3,983,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 348,000 | 715,000 | 1,085,000 | 1,443,000 |
| Interest expense | 75,000 | 150,000 | 224,000 | 290,000 |
| Net interest income | 273,000 | 565,000 | 861,000 | 1,153,000 |
| Noninterest income | 32,000 | 65,000 | 101,000 | 148,000 |
| Noninterest expense | 320,000 | 629,000 | 935,000 | 1,284,000 |
| Provision for loan losses | 0 | 68,000 | 67,000 | 67,000 |
| Pretax income | -14,000 | -67,000 | -19,000 | -30,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -14,000 | -67,000 | -19,000 | -30,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,023,000 | 3,866,000 | 3,913,000 | 3,835,000 |
| Total capital | 4,211,000 | 4,081,000 | 4,133,000 | 4,038,000 |
| Risk-weighted assets | 15,993,000 | 16,704,000 | 17,761,000 | 16,264,000 |
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