Call reports 2014
WEST MICHIGAN SAVINGS BANK, THE — 2014
What WEST MICHIGAN SAVINGS BANK, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 38,523,000 | 38,321,000 | 35,272,000 | 35,908,000 |
| Total loans | 13,402,000 | 13,579,000 | 13,116,000 | 12,236,000 |
| Allowance for loan losses | 202,000 | 207,000 | 213,000 | 209,000 |
| Securities available for sale | 19,559,000 | 19,117,000 | 17,985,000 | 17,649,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,701,000 | 34,558,000 | 31,663,000 | 32,405,000 |
| Interest-bearing deposits | 27,100,000 | 26,241,000 | 24,819,000 | 24,913,000 |
| Noninterest-bearing deposits | 7,601,000 | 8,317,000 | 6,844,000 | 7,492,000 |
| Equity capital | 3,796,000 | 3,741,000 | 3,197,000 | 3,062,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 291,000 | 607,000 | 875,000 | 1,175,000 |
| Interest expense | 28,000 | 52,000 | 70,000 | 88,000 |
| Net interest income | 263,000 | 555,000 | 805,000 | 1,087,000 |
| Noninterest income | -7,000 | 20,000 | 51,000 | 71,000 |
| Noninterest expense | 354,000 | 748,000 | 1,164,000 | 1,588,000 |
| Provision for loan losses | 0 | 35,000 | 57,000 | 57,000 |
| Pretax income | -98,000 | -200,000 | -334,000 | -456,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -98,000 | -200,000 | -334,000 | -456,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,576,000 | 3,497,000 | 3,353,000 | 3,224,000 |
| Total capital | 3,778,000 | 3,693,000 | 3,547,000 | 3,411,000 |
| Risk-weighted assets | 16,434,000 | 15,612,000 | 15,575,000 | 14,901,000 |
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