Call reports 2007
FIRSTBANK - WEST MICHIGAN — 2007
What FIRSTBANK - 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 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 231,333,000 | 229,214,000 | 240,880,000 | 237,977,000 |
| Total loans | 181,800,000 | 181,649,000 | 178,824,000 | 174,880,000 |
| Allowance for loan losses | 2,363,000 | 2,329,000 | 2,279,000 | 2,223,000 |
| Securities available for sale | 28,258,000 | 26,572,000 | 21,832,000 | 21,569,000 |
| Securities held to maturity | 1,732,000 | 1,679,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 174,275,000 | 171,972,000 | 169,941,000 | 166,451,000 |
| Interest-bearing deposits | 154,372,000 | 149,846,000 | 147,629,000 | 145,644,000 |
| Noninterest-bearing deposits | 19,903,000 | 22,126,000 | 22,312,000 | 20,807,000 |
| Equity capital | 21,815,000 | 21,010,000 | 33,229,000 | 33,065,000 |
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 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,631,000 | 7,076,000 | 3,756,000 | 7,412,000 |
| Interest expense | 1,639,000 | 3,287,000 | 1,617,000 | 3,158,000 |
| Net interest income | 1,992,000 | 3,789,000 | 2,139,000 | 4,254,000 |
| Noninterest income | 462,000 | 984,000 | 477,000 | 871,000 |
| Noninterest expense | 2,099,000 | 4,279,000 | 1,993,000 | 4,085,000 |
| Provision for loan losses | 41,000 | 75,000 | 0 | 0 |
| Pretax income | 314,000 | 419,000 | 623,000 | 1,040,000 |
| Income tax | 55,000 | 40,000 | 165,000 | 256,000 |
| Net income | 259,000 | 379,000 | 458,000 | 784,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,490,000 | 20,859,000 | 14,286,000 | 14,914,000 |
| Total capital | 23,511,000 | 22,863,000 | 16,280,000 | 16,962,000 |
| Risk-weighted assets | 161,289,000 | 160,032,000 | 159,264,000 | 163,658,000 |