Call reports 2020
GRAND VALLEY BANK — 2020
What GRAND VALLEY BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 448,041,000 | 483,357,000 | 508,511,000 | 524,139,000 |
| Total loans | 196,390,000 | 220,663,000 | 215,406,000 | 201,702,000 |
| Allowance for loan losses | 3,166,000 | 3,316,000 | 3,467,000 | 3,618,000 |
| Securities available for sale | 225,520,000 | 232,539,000 | 265,936,000 | 296,117,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 393,623,000 | 429,397,000 | 445,554,000 | 458,031,000 |
| Interest-bearing deposits | 257,860,000 | 270,684,000 | 284,208,000 | 294,013,000 |
| Noninterest-bearing deposits | 135,763,000 | 158,713,000 | 161,346,000 | 164,018,000 |
| Equity capital | 46,469,000 | 51,035,000 | 51,967,000 | 53,784,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,178,000 | 8,699,000 | 12,964,000 | 17,291,000 |
| Interest expense | 512,000 | 937,000 | 1,337,000 | 1,649,000 |
| Net interest income | 3,666,000 | 7,762,000 | 11,627,000 | 15,642,000 |
| Noninterest income | 378,000 | 773,000 | 1,235,000 | 1,716,000 |
| Noninterest expense | 2,586,000 | 5,245,000 | 7,979,000 | 10,715,000 |
| Provision for loan losses | 90,000 | 240,000 | 390,000 | 540,000 |
| Pretax income | 1,369,000 | 3,050,000 | 4,564,000 | 6,174,000 |
| Income tax | 242,000 | 543,000 | 791,000 | 1,062,000 |
| Net income | 1,127,000 | 2,507,000 | 3,773,000 | 5,112,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,631,000 | 43,989,000 | 44,857,000 | 45,346,000 |