Call reports 2010
FIRSTBANK - WEST MICHIGAN — 2010
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 215,979,000 | 214,685,000 | 205,532,000 | 199,330,000 |
| Total loans | 134,978,000 | 132,248,000 | 127,491,000 | 126,894,000 |
| Allowance for loan losses | 5,013,000 | 4,673,000 | 4,682,000 | 3,840,000 |
| Securities available for sale | 27,196,000 | 39,106,000 | 39,817,000 | 34,943,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,518,000 | 159,853,000 | 156,405,000 | 159,142,000 |
| Interest-bearing deposits | 140,876,000 | 139,838,000 | 136,956,000 | 138,616,000 |
| Noninterest-bearing deposits | 19,642,000 | 20,015,000 | 19,449,000 | 20,526,000 |
| Equity capital | 32,611,000 | 32,431,000 | 32,767,000 | 32,923,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,515,000 | 4,950,000 | 7,383,000 | 9,814,000 |
| Interest expense | 738,000 | 1,482,000 | 2,187,000 | 2,727,000 |
| Net interest income | 1,777,000 | 3,468,000 | 5,196,000 | 7,087,000 |
| Noninterest income | 252,000 | 389,000 | 618,000 | 606,000 |
| Noninterest expense | 2,002,000 | 3,883,000 | 5,789,000 | 7,642,000 |
| Provision for loan losses | 50,000 | 550,000 | 975,000 | 475,000 |
| Pretax income | -14,000 | -593,000 | -966,000 | -438,000 |
| Income tax | -55,000 | -300,000 | -473,000 | -347,000 |
| Net income | 37,000 | -301,000 | -505,000 | -111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,053,000 | 15,885,000 | 16,277,000 | 16,817,000 |
| Total capital | 17,693,000 | 17,489,000 | 17,820,000 | 18,338,000 |
| Risk-weighted assets | 127,795,000 | 125,218,000 | 120,313,000 | 119,397,000 |