Call reports 2006
INDEPENDENT BANK WEST MICHIGAN — 2006
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 727,845,000 | 728,358,000 | 756,903,000 | 780,424,000 |
| Total loans | 610,039,000 | 618,949,000 | 642,107,000 | 662,603,000 |
| Allowance for loan losses | 6,668,000 | 6,777,000 | 7,375,000 | 7,704,000 |
| Securities available for sale | 56,414,000 | 56,204,000 | 57,454,000 | 56,713,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 645,130,000 | 651,502,000 | 668,615,000 | 670,913,000 |
| Interest-bearing deposits | 554,594,000 | 559,327,000 | 580,863,000 | 573,703,000 |
| Noninterest-bearing deposits | 90,536,000 | 92,175,000 | 87,752,000 | 97,210,000 |
| Equity capital | 61,646,000 | 61,713,000 | 63,521,000 | 64,294,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 12,410,000 | 25,327,000 | 38,658,000 | 52,406,000 |
| Interest expense | 3,918,000 | 8,362,000 | 13,395,000 | 18,828,000 |
| Net interest income | 8,492,000 | 16,965,000 | 25,263,000 | 33,578,000 |
| Noninterest income | 3,164,000 | 6,862,000 | 10,628,000 | 14,297,000 |
| Noninterest expense | 6,700,000 | 13,691,000 | 19,977,000 | 26,486,000 |
| Provision for loan losses | 220,000 | 811,000 | 1,866,000 | 4,667,000 |
| Pretax income | 4,736,000 | 9,325,000 | 14,048,000 | 16,722,000 |
| Income tax | 1,410,000 | 2,776,000 | 4,219,000 | 4,925,000 |
| Net income | 3,326,000 | 6,549,000 | 9,829,000 | 11,797,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,961,000 | 57,338,000 | 59,023,000 | 59,969,000 |
| Total capital | 64,129,000 | 64,627,000 | 66,854,000 | 68,072,000 |
| Risk-weighted assets | 593,506,000 | 602,891,000 | 624,562,000 | 643,077,000 |