Call reports 2011
WEST MICHIGAN SAVINGS BANK, THE — 2011
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 37,459,000 | 37,360,000 | 40,108,000 | 40,548,000 |
| Total loans | 14,555,000 | 14,181,000 | 13,824,000 | 13,732,000 |
| Allowance for loan losses | 215,000 | 215,000 | 214,000 | 239,000 |
| Securities available for sale | 16,146,000 | 16,302,000 | 16,273,000 | 18,038,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,124,000 | 32,950,000 | 35,572,000 | 36,132,000 |
| Interest-bearing deposits | 26,890,000 | 27,168,000 | 28,216,000 | 29,678,000 |
| Noninterest-bearing deposits | 6,235,000 | 5,782,000 | 7,356,000 | 6,454,000 |
| Equity capital | 4,128,000 | 4,138,000 | 4,235,000 | 4,134,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 362,000 | 716,000 | 1,069,000 | 1,422,000 |
| Interest expense | 57,000 | 107,000 | 159,000 | 208,000 |
| Net interest income | 305,000 | 609,000 | 910,000 | 1,214,000 |
| Noninterest income | 93,000 | 103,000 | 142,000 | 173,000 |
| Noninterest expense | 294,000 | 611,000 | 938,000 | 1,269,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 105,000 | 102,000 | 115,000 | 119,000 |
| Income tax | 16,000 | 16,000 | 12,000 | 12,000 |
| Net income | 89,000 | 86,000 | 103,000 | 107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,924,000 | 3,832,000 | 3,849,000 | 3,762,000 |
| Total capital | 4,139,000 | 4,043,000 | 4,063,000 | 4,001,000 |
| Risk-weighted assets | 18,008,000 | 16,872,000 | 18,740,000 | 22,523,000 |