Call reports 2003
INDEPENDENT BANK WEST MICHIGAN — 2003
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 435,875,000 | 493,803,000 | 469,580,000 | 466,233,000 |
| Total loans | 339,234,000 | 382,660,000 | 365,183,000 | 364,436,000 |
| Allowance for loan losses | 4,257,000 | 4,405,000 | 4,497,000 | 4,414,000 |
| Securities available for sale | 56,816,000 | 65,948,000 | 66,520,000 | 65,211,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 340,916,000 | 368,654,000 | 347,793,000 | 354,336,000 |
| Interest-bearing deposits | 285,241,000 | 291,185,000 | 296,750,000 | 302,238,000 |
| Noninterest-bearing deposits | 55,675,000 | 77,469,000 | 51,043,000 | 52,098,000 |
| Equity capital | 31,113,000 | 32,782,000 | 35,010,000 | 34,940,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 6,962,000 | 14,199,000 | 21,714,000 | 28,877,000 |
| Interest expense | 1,862,000 | 3,816,000 | 5,697,000 | 7,427,000 |
| Net interest income | 5,100,000 | 10,383,000 | 16,017,000 | 21,450,000 |
| Noninterest income | 3,003,000 | 5,999,000 | 10,392,000 | 13,423,000 |
| Noninterest expense | 4,394,000 | 8,808,000 | 13,405,000 | 18,030,000 |
| Provision for loan losses | 360,000 | 645,000 | 864,000 | 1,056,000 |
| Pretax income | 3,432,000 | 7,012,000 | 11,622,000 | 15,249,000 |
| Income tax | 1,026,000 | 2,100,000 | 3,497,000 | 4,568,000 |
| Net income | 2,406,000 | 4,912,000 | 8,125,000 | 10,681,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,108,000 | 32,193,000 | 34,643,000 | 34,152,000 |
| Total capital | 35,156,000 | 36,598,000 | 39,061,000 | 38,566,000 |
| Risk-weighted assets | 323,607,000 | 359,436,000 | 353,371,000 | 356,175,000 |