Call reports 2011
FIRSTBANK - WEST MICHIGAN — 2011
What FIRSTBANK - WEST MICHIGAN reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 201,966,000 | 204,702,000 | 206,327,000 | 202,538,000 |
| Total loans | 123,237,000 | 124,129,000 | 120,449,000 | 119,562,000 |
| Allowance for loan losses | 3,743,000 | 3,591,000 | 3,477,000 | 3,478,000 |
| Securities available for sale | 37,155,000 | 38,432,000 | 41,425,000 | 41,037,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,853,000 | 166,160,000 | 166,907,000 | 162,442,000 |
| Interest-bearing deposits | 141,953,000 | 143,499,000 | 144,767,000 | 140,990,000 |
| Noninterest-bearing deposits | 20,900,000 | 22,661,000 | 22,140,000 | 21,452,000 |
| Equity capital | 34,164,000 | 34,506,000 | 34,738,000 | 35,108,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,132,000 | 4,306,000 | 6,426,000 | 8,490,000 |
| Interest expense | 370,000 | 699,000 | 995,000 | 1,245,000 |
| Net interest income | 1,762,000 | 3,607,000 | 5,431,000 | 7,245,000 |
| Noninterest income | 236,000 | 499,000 | 694,000 | 1,135,000 |
| Noninterest expense | 1,798,000 | 3,604,000 | 5,312,000 | 7,029,000 |
| Provision for loan losses | 100,000 | 200,000 | 300,000 | 375,000 |
| Pretax income | 96,000 | 278,000 | 488,000 | 915,000 |
| Income tax | -14,000 | 8,000 | 36,000 | 152,000 |
| Net income | 110,000 | 270,000 | 452,000 | 763,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,606,000 | 17,844,000 | 18,125,000 | 18,533,000 |
| Total capital | 19,113,000 | 19,366,000 | 19,623,000 | 20,035,000 |
| Risk-weighted assets | 118,299,000 | 119,694,000 | 117,831,000 | 118,181,000 |