Call reports 2001
FIRSTBANK - WEST MICHIGAN — 2001
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 213,374,000 | 220,086,000 | 212,272,000 | 218,641,000 |
| Total loans | 170,726,000 | 170,427,000 | 170,790,000 | 164,662,000 |
| Allowance for loan losses | 2,088,000 | 1,380,000 | 1,501,000 | 1,655,000 |
| Securities available for sale | 21,806,000 | 24,482,000 | 22,640,000 | 33,501,000 |
| Securities held to maturity | 4,046,000 | 3,845,000 | 3,845,000 | 4,100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 172,217,000 | 178,354,000 | 170,908,000 | 174,640,000 |
| Interest-bearing deposits | 158,338,000 | 160,771,000 | 154,586,000 | 158,456,000 |
| Noninterest-bearing deposits | 13,879,000 | 17,583,000 | 16,322,000 | 16,184,000 |
| Equity capital | 17,439,000 | 17,807,000 | 18,295,000 | 18,053,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 4,268,000 | 8,549,000 | 12,701,000 | 16,734,000 |
| Interest expense | 2,098,000 | 4,091,000 | 5,915,000 | 7,487,000 |
| Net interest income | 2,170,000 | 4,458,000 | 6,786,000 | 9,247,000 |
| Noninterest income | 413,000 | 888,000 | 1,320,000 | 1,941,000 |
| Noninterest expense | 1,769,000 | 3,421,000 | 5,213,000 | 6,761,000 |
| Provision for loan losses | 586,000 | 885,000 | 1,127,000 | 2,037,000 |
| Pretax income | 248,000 | 1,058,000 | 1,908,000 | 2,654,000 |
| Income tax | 60,000 | 307,000 | 567,000 | 653,000 |
| Net income | 188,000 | 751,000 | 1,341,000 | 2,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,594,000 | 16,967,000 | 17,370,000 | 17,798,000 |
| Total capital | 18,497,000 | 18,347,000 | 18,871,000 | 19,453,000 |
| Risk-weighted assets | 152,034,000 | 152,025,000 | 151,039,000 | 150,019,000 |