Call reports 2005
INDEPENDENT BANK WEST MICHIGAN — 2005
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 525,094,000 | 707,007,000 | 741,186,000 | 737,854,000 |
| Total loans | 425,999,000 | 587,594,000 | 621,070,000 | 619,084,000 |
| Allowance for loan losses | 4,278,000 | 6,615,000 | 7,253,000 | 6,794,000 |
| Securities available for sale | 61,758,000 | 63,059,000 | 58,555,000 | 58,690,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 408,103,000 | 556,849,000 | 611,388,000 | 617,433,000 |
| Interest-bearing deposits | 349,461,000 | 470,737,000 | 513,492,000 | 528,601,000 |
| Noninterest-bearing deposits | 58,642,000 | 86,112,000 | 97,896,000 | 88,832,000 |
| Equity capital | 42,300,000 | 60,667,000 | 61,431,000 | 62,859,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 7,640,000 | 17,621,000 | 29,122,000 | 41,643,000 |
| Interest expense | 1,831,000 | 4,294,000 | 7,398,000 | 11,004,000 |
| Net interest income | 5,809,000 | 13,327,000 | 21,724,000 | 30,639,000 |
| Noninterest income | 2,692,000 | 5,856,000 | 9,521,000 | 12,880,000 |
| Noninterest expense | 4,877,000 | 10,899,000 | 17,288,000 | 23,854,000 |
| Provision for loan losses | 72,000 | 842,000 | 1,647,000 | 2,453,000 |
| Pretax income | 3,522,000 | 7,396,000 | 12,238,000 | 17,132,000 |
| Income tax | 1,012,000 | 2,169,000 | 3,620,000 | 5,026,000 |
| Net income | 2,510,000 | 5,227,000 | 8,618,000 | 12,106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,839,000 | 54,789,000 | 55,836,000 | 57,979,000 |
| Total capital | 45,600,000 | 61,841,000 | 63,443,000 | 65,213,000 |
| Risk-weighted assets | 418,729,000 | 578,767,000 | 608,513,000 | 605,797,000 |