Firstbank - West Michigan

Firstbank - West Michigan is headquartered in West Branch and is the 47^th largest bank in the state of Michigan. It is also the 2,513^st largest bank in the nation. It was established in 1980 and as of March of 2012, it had grown to 74 employees at 11 locations. Firstbank - West Michigan has a 3-star health rating.

Data for Q1 2012

Firstbank - West Michigan consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

23309 - Firstbank - West Branch
14471 - Firstbank - West Michigan

Institution Statistics Firstbank - West Branch FDIC Certificate # 23309 BankRate Report View Year Established 1980 Employees 74 Primary Regulator FDIC Assets and Liabilities Assets $257.42 million Loans $187.72 million Deposits $213.91 million Equity Capital $21.41 million Loan Loss Allowance $3.75 million Unbacked Noncurrent Loans $6.85 million Real Estate Owned $870,000 Historic Data - March 2011 Assets $244.17 million Equity Capital $20.90 million Loan Loss Allowance $3.07 million Unbacked Noncurrent Loans $3.14 million Real Estate Owned $2.35 million Profit Margin - Quarterly Net Interest Margin 4.75% Return on Assets 0.87% Return on Equity 10.4% Interest Income $3.13 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Firstbank - West Michigan had $7.72 million in non-current loans and owned real-estate with $25.16 million in equity and loan loss allowances on hand to cover it. This gives Firstbank - West Michigan a Texas Ratio of 30.70% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Firstbank - West Michigan increased slightly from 22.91% as of March 31, 2011 to 30.70% as of March 31, 2012, resulting in a negative change of 33.96%. This indicates that the balance sheet and financial strength for Firstbank - West Michigan has declined slightly in recent periods. Deposit Growth In the past year, Firstbank - West Michigan has increased its total deposits by $14.08 million, resulting in 7.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Firstbank - West Michigan has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Firstbank - West Michigan has $257.42 million in assets with $25.16 million in equity, resulting in a capitalization level of 9.77%, which is average.

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