Call reports 2013
WEST MICHIGAN SAVINGS BANK, THE — 2013
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 40,879,000 | 38,608,000 | 39,058,000 | 39,295,000 |
| Total loans | 12,860,000 | 12,728,000 | 12,624,000 | 13,679,000 |
| Allowance for loan losses | 184,000 | 182,000 | 184,000 | 202,000 |
| Securities available for sale | 19,913,000 | 20,195,000 | 20,088,000 | 19,968,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,533,000 | 34,570,000 | 35,056,000 | 35,410,000 |
| Interest-bearing deposits | 28,025,000 | 27,750,000 | 26,940,000 | 26,899,000 |
| Noninterest-bearing deposits | 8,508,000 | 6,820,000 | 8,116,000 | 8,511,000 |
| Equity capital | 4,312,000 | 4,022,000 | 3,988,000 | 3,850,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 302,000 | 607,000 | 904,000 | 1,209,000 |
| Interest expense | 36,000 | 71,000 | 102,000 | 132,000 |
| Net interest income | 266,000 | 536,000 | 802,000 | 1,077,000 |
| Noninterest income | 36,000 | 70,000 | 100,000 | 132,000 |
| Noninterest expense | 308,000 | 612,000 | 937,000 | 1,304,000 |
| Provision for loan losses | 8,000 | 8,000 | 8,000 | 104,000 |
| Pretax income | -12,000 | -10,000 | -34,000 | -130,000 |
| Income tax | -3,000 | -4,000 | -10,000 | 0 |
| Net income | -9,000 | -6,000 | -24,000 | -130,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,928,000 | 3,931,000 | 3,777,000 | 3,650,000 |
| Total capital | 4,112,000 | 4,113,000 | 3,961,000 | 3,852,000 |
| Risk-weighted assets | 17,783,000 | 16,681,000 | 16,809,000 | 17,574,000 |