The West Michigan Savings Bank Financial Statements & Health Reports

Acquired Apr 2015

Vitals

ROAA

-4.186

ROAE

Efficiency Ratio

Net Interest Margin

Balance Sheet Highlights

Financial Highlights	The West Michigan Savings Bank	All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets	35,907	287,373
Total Net Loans	11,584	185,735
Total Deposits	32,652	242,099
Total Equity	2,744	30,763
Profitability
Net Income	-378	719
Return on Average Assets	-4.186	.774
Return on Average Equity	-52.084	7.255
Net Interest Margin	3.146	3.777
Efficiency Ratio	235.971	74.364
Noninterest Income/Revenue	13.605	22.564
Balance Sheet Ratios
Loan-to-Deposit	35.477	73.378
Securities/Assets	.486	.185
Total Equity/Total Assets	.076	.107
Tangible Equity/Tangible Assets	.076	.104
Capital Adequacy
Tier 1 Common Capital	2,972	28,789
Tier 1 Capital	2,972	28,901
Tier 2 Capital	165	2,341
Total Capital	3,137	31,228
Total Risk Weighted Assets	13,199	201,218
Leverage Ratio	8.23	10.439
Common Equity Tier 1 Capital Ratio	22.52	15.971
Tier 1 Capital Ratio	22.52	16.053
Total Capital Ratio	23.77	17.205

The West Michigan Savings Bank was acquired by Sturgis Bank & Trust Company 9 years

View Profile Apr 07 2015

The West Michigan Savings Bank was established 142 years ago and is currently headquartered in Bangor, MI.

Jan 01 1882

Acquisitions & Mergers	Role	Assets	Acct Method	Type	Transaction Date
Sturgis Bank & Trust Company	Buyer	407,378	Acquisition	Discontinued	4/7/2015

Relationships	Role	Relationship Start	Relationship End

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