Call reports 2012
WEST MICHIGAN SAVINGS BANK, THE — 2012
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 40,503,000 | 40,077,000 | 40,426,000 | 39,856,000 |
| Total loans | 13,070,000 | 13,041,000 | 13,126,000 | 13,670,000 |
| Allowance for loan losses | 225,000 | 216,000 | 214,000 | 219,000 |
| Securities available for sale | 20,330,000 | 19,271,000 | 21,552,000 | 20,664,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,143,000 | 35,635,000 | 35,892,000 | 35,466,000 |
| Interest-bearing deposits | 30,082,000 | 29,053,000 | 29,046,000 | 28,861,000 |
| Noninterest-bearing deposits | 6,061,000 | 6,582,000 | 6,846,000 | 6,605,000 |
| Equity capital | 4,094,000 | 4,149,000 | 4,454,000 | 4,342,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 327,000 | 649,000 | 984,000 | 1,314,000 |
| Interest expense | 43,000 | 86,000 | 127,000 | 165,000 |
| Net interest income | 284,000 | 563,000 | 857,000 | 1,149,000 |
| Noninterest income | 9,000 | 1,000 | 53,000 | 77,000 |
| Noninterest expense | 308,000 | 614,000 | 921,000 | 1,268,000 |
| Provision for loan losses | 0 | 0 | 15,000 | 15,000 |
| Pretax income | -13,000 | -35,000 | -11,000 | -41,000 |
| Income tax | 0 | -11,000 | -52,000 | -53,000 |
| Net income | -13,000 | -24,000 | 41,000 | 12,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,749,000 | 3,738,000 | 3,992,000 | 3,937,000 |
| Total capital | 3,966,000 | 3,954,000 | 4,206,000 | 4,156,000 |
| Risk-weighted assets | 17,934,000 | 17,637,000 | 20,096,000 | 18,690,000 |