Call reports 2001
INDEPENDENT BANK WEST MICHIGAN — 2001
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 354,652,000 | 360,429,000 | 369,162,000 | 389,091,000 |
| Total loans | 316,314,000 | 315,194,000 | 320,925,000 | 339,201,000 |
| Allowance for loan losses | 3,452,000 | 3,549,000 | 3,622,000 | 3,714,000 |
| Securities available for sale | 15,345,000 | 19,891,000 | 20,663,000 | 20,433,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 287,036,000 | 280,012,000 | 281,665,000 | 277,775,000 |
| Interest-bearing deposits | 247,445,000 | 238,802,000 | 239,501,000 | 231,448,000 |
| Noninterest-bearing deposits | 39,591,000 | 41,210,000 | 42,164,000 | 46,327,000 |
| Equity capital | 24,565,000 | 24,470,000 | 25,807,000 | 27,453,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 7,781,000 | 15,744,000 | 23,865,000 | 31,815,000 |
| Interest expense | 3,176,000 | 6,057,000 | 8,983,000 | 11,290,000 |
| Net interest income | 4,605,000 | 9,687,000 | 14,882,000 | 20,525,000 |
| Noninterest income | 1,676,000 | 4,062,000 | 5,954,000 | 8,233,000 |
| Noninterest expense | 3,723,000 | 8,294,000 | 12,705,000 | 17,858,000 |
| Provision for loan losses | 150,000 | 300,000 | 700,000 | 850,000 |
| Pretax income | 2,408,000 | 5,155,000 | 7,431,000 | 10,050,000 |
| Income tax | 772,000 | 1,648,000 | 2,353,000 | 3,174,000 |
| Net income | 1,564,000 | 3,435,000 | 5,006,000 | 6,804,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,768,000 | 24,851,000 | 26,737,000 | 28,245,000 |
| Total capital | 28,169,000 | 28,394,000 | 30,359,000 | 31,959,000 |
| Risk-weighted assets | 272,058,000 | 283,461,000 | 295,500,000 | 303,347,000 |