Institution Statistics
| West Michigan Bank & Trust | | FDIC Certificate # | 24471 | | BankRate Report | View | | Year Established | 1983 | | Employees | 14 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $41.12 million | | Loans | $6.88 million | | Deposits | $33.12 million | | Equity Capital | $7.93 million | | Loan Loss Allowance | $191,000 | | Unbacked Noncurrent Loans | $92,000 | | Real Estate Owned | $189,000 |
Historic Data - March 2011 | | Assets | $38.69 million | | Equity Capital | $7.35 million | | Loan Loss Allowance | $191,000 | | Unbacked Noncurrent Loans | $4,000 | | Real Estate Owned | $181,000 |
Profit Margin - Quarterly | | Net Interest Margin | 2.18% | | Return on Assets | 0.13% | | Return on Equity | 0.65% | | Interest Income | $245,000 |
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Institution Health
Overall Score:
5 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 West Michigan Bank & Trust had $281,000 in non-current loans and owned real-estate with $8.12 million in equity and loan loss allowances on hand to cover it. This gives West Michigan Bank & Trust a Texas Ratio of 3.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for West Michigan Bank & Trust held steady from 2.45% as of March 31, 2011 to 3.46% as of March 31, 2012, resulting in a negative change of 41.17%. This indicates that the balance sheet and financial strength for West Michigan Bank & Trust has held steady in recent periods. | | Deposit Growth | | | In the past year, West Michigan Bank & Trust has increased its total deposits by $1.87 million, resulting in 6% 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 West Michigan Bank & Trust 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. West Michigan Bank & Trust has $41.12 million in assets with $8.12 million in equity, resulting in a capitalization level of 19.74%, which is excellent. |
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