Call reports 2007
INDEPENDENT BANK WEST MICHIGAN — 2007
What INDEPENDENT BANK WEST MICHIGAN reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Total assets | 773,669,000 | 769,303,000 |
| Total loans | 658,616,000 | 658,388,000 |
| Allowance for loan losses | 9,057,000 | 12,554,000 |
| Securities available for sale | 55,136,000 | 55,467,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 677,483,000 | 655,699,000 |
| Interest-bearing deposits | 591,786,000 | 568,015,000 |
| Noninterest-bearing deposits | 85,697,000 | 87,684,000 |
| Equity capital | 62,891,000 | 60,712,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Interest income | 13,614,000 | 27,574,000 |
| Interest expense | 5,386,000 | 10,909,000 |
| Net interest income | 8,228,000 | 16,665,000 |
| Noninterest income | 3,636,000 | 7,454,000 |
| Noninterest expense | 7,154,000 | 14,404,000 |
| Provision for loan losses | 2,315,000 | 7,182,000 |
| Pretax income | 2,395,000 | 2,533,000 |
| Income tax | 610,000 | 430,000 |
| Net income | 1,785,000 | 2,103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Tier 1 capital | 58,659,000 | 57,130,000 |
| Total capital | 66,859,000 | 65,392,000 |
| Risk-weighted assets | 644,245,000 | 644,741,000 |