Call reports 2006
FIRSTBANK - WEST MICHIGAN — 2006
What FIRSTBANK - 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 | 231,826,000 | 233,531,000 | 233,741,000 | 234,572,000 |
| Total loans | 183,727,000 | 184,399,000 | 184,484,000 | 184,216,000 |
| Allowance for loan losses | 2,391,000 | 2,388,000 | 2,390,000 | 2,363,000 |
| Securities available for sale | 30,037,000 | 29,291,000 | 29,305,000 | 28,560,000 |
| Securities held to maturity | 2,011,000 | 1,869,000 | 1,870,000 | 1,731,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 179,472,000 | 179,417,000 | 181,813,000 | 179,288,000 |
| Interest-bearing deposits | 157,719,000 | 158,341,000 | 161,732,000 | 159,326,000 |
| Noninterest-bearing deposits | 21,753,000 | 21,076,000 | 20,081,000 | 19,962,000 |
| Equity capital | 21,623,000 | 21,526,000 | 22,000,000 | 21,870,000 |
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 | 3,438,000 | 7,029,000 | 10,722,000 | 14,447,000 |
| Interest expense | 1,393,000 | 2,907,000 | 4,520,000 | 6,177,000 |
| Net interest income | 2,045,000 | 4,122,000 | 6,202,000 | 8,270,000 |
| Noninterest income | 472,000 | 1,022,000 | 1,573,000 | 2,058,000 |
| Noninterest expense | 1,848,000 | 3,682,000 | 5,621,000 | 7,690,000 |
| Provision for loan losses | 33,000 | 138,000 | 201,000 | 239,000 |
| Pretax income | 636,000 | 1,324,000 | 1,953,000 | 2,399,000 |
| Income tax | 162,000 | 343,000 | 502,000 | 600,000 |
| Net income | 474,000 | 981,000 | 1,451,000 | 1,378,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,422,000 | 21,546,000 | 21,757,000 | 21,557,000 |
| Total capital | 23,439,000 | 23,577,000 | 23,791,000 | 23,594,000 |
| Risk-weighted assets | 160,964,000 | 162,120,000 | 162,402,000 | 162,645,000 |