Call reports 2003
FIRSTBANK - WEST MICHIGAN — 2003
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 225,610,000 | 225,566,000 | 227,738,000 | 225,649,000 |
| Total loans | 163,354,000 | 165,022,000 | 172,252,000 | 172,790,000 |
| Allowance for loan losses | 2,086,000 | 2,166,000 | 2,214,000 | 2,229,000 |
| Securities available for sale | 40,770,000 | 39,296,000 | 34,666,000 | 32,779,000 |
| Securities held to maturity | 3,669,000 | 3,336,000 | 3,336,000 | 3,107,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 180,057,000 | 179,496,000 | 179,590,000 | 177,616,000 |
| Interest-bearing deposits | 161,803,000 | 161,089,000 | 162,530,000 | 161,245,000 |
| Noninterest-bearing deposits | 18,254,000 | 18,407,000 | 17,060,000 | 16,371,000 |
| Equity capital | 19,909,000 | 20,712,000 | 20,505,000 | 20,457,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 3,479,000 | 6,984,000 | 10,286,000 | 13,521,000 |
| Interest expense | 1,277,000 | 2,505,000 | 3,658,000 | 4,732,000 |
| Net interest income | 2,202,000 | 4,479,000 | 6,628,000 | 8,789,000 |
| Noninterest income | 647,000 | 1,419,000 | 2,196,000 | 2,731,000 |
| Noninterest expense | 1,794,000 | 3,663,000 | 5,687,000 | 7,776,000 |
| Provision for loan losses | 289,000 | 508,000 | 774,000 | 892,000 |
| Pretax income | 784,000 | 1,837,000 | 2,473,000 | 2,962,000 |
| Income tax | 217,000 | 567,000 | 700,000 | 766,000 |
| Net income | 567,000 | 1,270,000 | 1,773,000 | 2,196,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,934,000 | 19,372,000 | 19,630,000 | 19,542,000 |
| Total capital | 20,797,000 | 21,241,000 | 21,560,000 | 21,472,000 |
| Risk-weighted assets | 148,790,000 | 149,196,000 | 154,106,000 | 154,135,000 |