Call reports 2009
FIRST WESTERN BANK STURGIS, THE — 2009
What FIRST WESTERN BANK STURGIS, THE reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 |
|---|---|---|
| Total assets | 508,617,000 | 519,938,000 |
| Total loans | 347,309,000 | 351,814,000 |
| Allowance for loan losses | 7,250,000 | 7,810,000 |
| Securities available for sale | 51,755,000 | 53,695,000 |
| Securities held to maturity | 200,000 | 200,000 |
| Trading assets | 0 | 0 |
| Total deposits | 389,106,000 | 396,509,000 |
| Interest-bearing deposits | 334,243,000 | 335,015,000 |
| Noninterest-bearing deposits | 54,863,000 | 61,494,000 |
| Equity capital | 112,704,000 | 112,740,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 |
|---|---|---|
| Interest income | 6,215,000 | 12,595,000 |
| Interest expense | 2,043,000 | 4,031,000 |
| Net interest income | 4,172,000 | 8,564,000 |
| Noninterest income | 707,000 | 1,642,000 |
| Noninterest expense | 2,796,000 | 6,001,000 |
| Provision for loan losses | 390,000 | 985,000 |
| Pretax income | 1,697,000 | 3,224,000 |
| Income tax | 591,000 | 1,107,000 |
| Net income | 1,106,000 | 2,117,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 |
|---|---|---|
| Tier 1 capital | 49,164,000 | 48,721,000 |
| Total capital | 54,014,000 | 53,602,000 |
| Risk-weighted assets | 385,604,000 | 387,516,000 |