Call reports 2002
INDEPENDENT BANK WEST MICHIGAN — 2002
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 371,606,000 | 378,754,000 | 431,805,000 | 429,384,000 |
| Total loans | 307,192,000 | 308,957,000 | 347,068,000 | 347,899,000 |
| Allowance for loan losses | 3,713,000 | 3,943,000 | 4,026,000 | 3,983,000 |
| Securities available for sale | 40,197,000 | 40,580,000 | 44,445,000 | 47,680,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 305,080,000 | 331,827,000 | 347,100,000 | 334,296,000 |
| Interest-bearing deposits | 262,940,000 | 284,501,000 | 294,851,000 | 285,001,000 |
| Noninterest-bearing deposits | 42,140,000 | 47,326,000 | 52,249,000 | 49,295,000 |
| Equity capital | 27,119,000 | 28,485,000 | 29,511,000 | 29,399,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 6,731,000 | 13,657,000 | 20,865,000 | 28,172,000 |
| Interest expense | 1,953,000 | 3,913,000 | 5,948,000 | 7,996,000 |
| Net interest income | 4,778,000 | 9,744,000 | 14,917,000 | 20,176,000 |
| Noninterest income | 2,182,000 | 4,155,000 | 5,678,000 | 8,784,000 |
| Noninterest expense | 3,762,000 | 7,572,000 | 11,463,000 | 16,205,000 |
| Provision for loan losses | 110,000 | 470,000 | 680,000 | 890,000 |
| Pretax income | 3,062,000 | 5,895,000 | 8,490,000 | 11,716,000 |
| Income tax | 956,000 | 1,838,000 | 2,626,000 | 3,591,000 |
| Net income | 2,106,000 | 4,057,000 | 5,864,000 | 8,125,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,759,000 | 28,689,000 | 29,306,000 | 29,758,000 |
| Total capital | 31,420,000 | 32,429,000 | 33,332,000 | 33,741,000 |
| Risk-weighted assets | 292,790,000 | 298,975,000 | 323,856,000 | 325,021,000 |