Call reports 2004
INDEPENDENT BANK WEST MICHIGAN — 2004
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 468,122,000 | 477,714,000 | 492,477,000 | 508,641,000 |
| Total loans | 369,360,000 | 379,663,000 | 395,353,000 | 402,080,000 |
| Allowance for loan losses | 4,456,000 | 4,269,000 | 4,217,000 | 4,367,000 |
| Securities available for sale | 63,159,000 | 61,316,000 | 63,779,000 | 62,981,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 364,422,000 | 368,674,000 | 396,003,000 | 384,351,000 |
| Interest-bearing deposits | 308,432,000 | 311,382,000 | 340,921,000 | 325,305,000 |
| Noninterest-bearing deposits | 55,990,000 | 57,292,000 | 55,082,000 | 59,046,000 |
| Equity capital | 36,124,000 | 35,756,000 | 36,919,000 | 38,100,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 6,898,000 | 14,016,000 | 21,305,000 | 28,935,000 |
| Interest expense | 1,541,000 | 2,792,000 | 4,315,000 | 5,971,000 |
| Net interest income | 5,357,000 | 11,224,000 | 16,990,000 | 22,964,000 |
| Noninterest income | 1,988,000 | 5,339,000 | 7,852,000 | 10,479,000 |
| Noninterest expense | 4,245,000 | 8,813,000 | 13,406,000 | 17,953,000 |
| Provision for loan losses | 148,000 | 212,000 | 273,000 | 592,000 |
| Pretax income | 3,084,000 | 7,670,000 | 11,407,000 | 14,751,000 |
| Income tax | 851,000 | 2,236,000 | 3,320,000 | 4,271,000 |
| Net income | 2,233,000 | 5,434,000 | 8,087,000 | 10,480,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,665,000 | 35,515,000 | 35,696,000 | 36,824,000 |
| Total capital | 39,061,000 | 39,944,000 | 40,126,000 | 41,440,000 |
| Risk-weighted assets | 351,606,000 | 366,346,000 | 383,789,000 | 395,527,000 |