Call reports 2002
FIRSTBANK - WEST MICHIGAN — 2002
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 217,916,000 | 225,650,000 | 228,393,000 | 221,979,000 |
| Total loans | 163,355,000 | 168,055,000 | 171,669,000 | 165,864,000 |
| Allowance for loan losses | 2,306,000 | 1,664,000 | 1,628,000 | 1,867,000 |
| Securities available for sale | 36,913,000 | 37,099,000 | 36,480,000 | 36,181,000 |
| Securities held to maturity | 4,101,000 | 3,926,000 | 3,927,000 | 3,668,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 175,549,000 | 177,026,000 | 176,308,000 | 176,225,000 |
| Interest-bearing deposits | 159,416,000 | 161,725,000 | 157,036,000 | 159,842,000 |
| Noninterest-bearing deposits | 16,133,000 | 15,301,000 | 19,272,000 | 16,383,000 |
| Equity capital | 17,298,000 | 18,474,000 | 19,416,000 | 19,828,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 3,862,000 | 7,710,000 | 11,553,000 | 15,232,000 |
| Interest expense | 1,490,000 | 2,989,000 | 4,495,000 | 5,836,000 |
| Net interest income | 2,372,000 | 4,721,000 | 7,058,000 | 9,396,000 |
| Noninterest income | 437,000 | 953,000 | 1,576,000 | 2,459,000 |
| Noninterest expense | 1,767,000 | 3,478,000 | 5,241,000 | 7,074,000 |
| Provision for loan losses | 1,265,000 | 1,449,000 | 1,618,000 | 2,018,000 |
| Pretax income | -223,000 | 747,000 | 1,845,000 | 3,095,000 |
| Income tax | -122,000 | 162,000 | 488,000 | 864,000 |
| Net income | -101,000 | 585,000 | 1,357,000 | 2,231,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,164,000 | 17,595,000 | 18,152,000 | 18,795,000 |
| Total capital | 19,015,000 | 19,259,000 | 19,780,000 | 20,662,000 |
| Risk-weighted assets | 147,603,000 | 149,288,000 | 152,772,000 | 149,922,000 |