Call reports 2009
FIRSTBANK - WEST MICHIGAN — 2009
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 215,657,000 | 212,272,000 | 209,191,000 | 209,273,000 |
| Total loans | 159,316,000 | 151,586,000 | 145,452,000 | 138,678,000 |
| Allowance for loan losses | 3,373,000 | 4,605,000 | 4,445,000 | 5,251,000 |
| Securities available for sale | 15,981,000 | 19,626,000 | 23,328,000 | 25,803,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,232,000 | 146,724,000 | 145,429,000 | 153,820,000 |
| Interest-bearing deposits | 125,423,000 | 126,973,000 | 126,996,000 | 133,808,000 |
| Noninterest-bearing deposits | 18,809,000 | 19,751,000 | 18,433,000 | 20,012,000 |
| Equity capital | 34,912,000 | 34,208,000 | 33,605,000 | 32,290,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,829,000 | 5,507,000 | 8,151,000 | 10,884,000 |
| Interest expense | 918,000 | 1,781,000 | 2,622,000 | 3,427,000 |
| Net interest income | 1,911,000 | 3,726,000 | 5,529,000 | 7,457,000 |
| Noninterest income | 281,000 | 682,000 | 1,099,000 | 1,403,000 |
| Noninterest expense | 1,969,000 | 4,017,000 | 6,017,000 | 8,094,000 |
| Provision for loan losses | 300,000 | 3,236,000 | 4,666,000 | 6,930,000 |
| Pretax income | -77,000 | -2,845,000 | -4,055,000 | -6,164,000 |
| Income tax | -76,000 | -1,070,000 | -1,528,000 | -2,298,000 |
| Net income | -11,000 | -1,778,000 | -2,535,000 | -3,881,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,078,000 | 17,452,000 | 16,832,000 | 15,627,000 |
| Total capital | 19,911,000 | 19,215,000 | 18,523,000 | 17,308,000 |
| Risk-weighted assets | 145,144,000 | 138,225,000 | 132,494,000 | 130,911,000 |