Vitals
  • Total Assets
    206.5M 2.0 %
  • Total Deposits
    169.7M 4.4 %
  • Total Net Loans
    114.0M -1.8 %
  • Net Income
    791000.0000 3.7 %
  • Book Value
    30.0M -14.4 %
  • Book Value x2
    60.1M -14.4 %
  • Book Value x3
    90.1M -14.4 %
ROAA

.388

ROAE

2.471

Efficiency Ratio

83.851

Net Interest Margin

4.115

Balance Sheet Highlights
Financial Highlights Firstbank - West Michigan All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 206,501 262,409
Total Net Loans 114,015 169,519
Total Deposits 169,665 223,172
Total Equity 30,049 26,323
Profitability
Net Income 791 2,432
Return on Average Assets .388 .863
Return on Average Equity 2.471 8.339
Net Interest Margin 4.115 4.014
Efficiency Ratio 83.851 71.723
Noninterest Income/Revenue 14.25 20.528
Balance Sheet Ratios
Loan-to-Deposit 67.2 73.84
Securities/Assets .228 .172
Total Equity/Total Assets .146 .1
Tangible Equity/Tangible Assets .067 .097
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 13,729 24,406
Tier 2 Capital 1,497 2,216
Total Capital 15,226 26,609
Total Risk Weighted Assets 118,658 177,408
Leverage Ratio 7.29 10.056
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 11.57 15.671
Total Capital Ratio 12.83 16.901

Timeline for Firstbank - West Michigan

Firstbank

Firstbank - West Michigan was acquired by Firstbank 11 years

View Profile Feb 01 2013

Firstbank Corporation

Firstbank Corporation became a new parent organization for Firstbank - West Michigan.

View Profile Jul 01 2007

Accord Financial Services, Inc.

Accord Financial Services, Inc. became a new subsidiary organization for Firstbank - West Michigan.

View Profile Jul 01 2007

Austin Mortgage Co., Llc

Austin Mortgage Co., Llc became a new subsidiary organization for Firstbank - West Michigan.

View Profile Apr 01 2002

Icnb Mortgage Company, Llc

Icnb Mortgage Company, Llc became a new subsidiary organization for Firstbank - West Michigan.

View Profile Mar 01 2001

Want to see more?

Complete timeline for Firstbank - West Michigan is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Firstbank Buyer 1,247,618 Pooling of Interests Discontinued 2/1/2013
Relationships Role Relationship Start Relationship End
Firstbank Corporation Parent 7/1/2007 1/31/2013
Icnb Financial Corporation Parent 2/27/1987 6/30/2007
Icnb Mortgage Company, Llc Subsidary 3/1/2001 1/31/2013
Accord Financial Services, Inc. Subsidary 7/1/2007 1/31/2013
Austin Mortgage Co., Llc Subsidary 4/1/2002 12/31/2007
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