Call reports 2008
FIRSTBANK - WEST MICHIGAN — 2008
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 231,071,000 | 227,260,000 | 222,844,000 | 217,647,000 |
| Total loans | 174,791,000 | 170,113,000 | 168,175,000 | 164,262,000 |
| Allowance for loan losses | 2,070,000 | 2,553,000 | 3,152,000 | 4,355,000 |
| Securities available for sale | 16,028,000 | 16,456,000 | 15,618,000 | 15,178,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 164,507,000 | 155,113,000 | 146,059,000 | 145,138,000 |
| Interest-bearing deposits | 143,071,000 | 134,296,000 | 124,964,000 | 126,640,000 |
| Noninterest-bearing deposits | 21,436,000 | 20,817,000 | 21,095,000 | 18,498,000 |
| Equity capital | 33,283,000 | 35,920,000 | 35,507,000 | 33,362,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,384,000 | 6,656,000 | 9,756,000 | 12,726,000 |
| Interest expense | 1,343,000 | 2,541,000 | 3,654,000 | 4,684,000 |
| Net interest income | 2,041,000 | 4,115,000 | 6,102,000 | 8,042,000 |
| Noninterest income | 285,000 | 648,000 | 977,000 | 954,000 |
| Noninterest expense | 2,123,000 | 4,179,000 | 6,273,000 | 8,311,000 |
| Provision for loan losses | 60,000 | 2,715,000 | 3,625,000 | 5,225,000 |
| Pretax income | 239,000 | -2,036,000 | -2,724,000 | -4,445,000 |
| Income tax | 34,000 | -798,000 | -1,086,000 | -1,715,000 |
| Net income | 205,000 | -1,238,000 | -1,638,000 | -2,730,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,008,000 | 18,748,000 | 18,460,000 | 16,392,000 |
| Total capital | 17,995,000 | 20,717,000 | 20,397,000 | 18,270,000 |
| Risk-weighted assets | 158,858,000 | 156,948,000 | 153,778,000 | 147,750,000 |