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This institution is no longer active

Operations ceased on September 15, 2007. CRA examination history below reflects the period it was active.

INDEPENDENT BANK-WEST MICHIGAN

GRAND RAPIDS, MI · Supervised by FDIC

Est. 1975FDIC #22,094RSSD: FDIC-22094
Part ofINDEPENDENT BANK CORP→ View all charters
Satisfactory Same

Current rating · Exam: September 2005

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.54%

Institution Profile

FDIC BankFind

Address

4200 East Beltline Avenue, GRAND RAPIDS, MI

County

Kent County

Established

August 21, 1975

Total Assets

$769M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

September 1, 2005

Exam Type

Large Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 20 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 2007Call Report / FDIC

Total Assets

$769M

Total Deposits

$656M

Net Loans

$646M

Net Income

$2M

ROA

0.54%

ROE

6.72%

Risk-Based Capital

10.14%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

↓ Declining

Based on last 3 exams

5 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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