Call reports 2021
GRAND VALLEY BANK — 2021
What GRAND VALLEY BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 541,539,000 | 549,645,000 | 578,483,000 | 582,595,000 |
| Total loans | 204,192,000 | 206,739,000 | 220,928,000 | 227,183,000 |
| Allowance for loan losses | 3,768,000 | 3,918,000 | 4,008,000 | 4,098,000 |
| Securities available for sale | 309,281,000 | 305,336,000 | 325,372,000 | 324,343,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 486,352,000 | 492,739,000 | 521,440,000 | 525,899,000 |
| Interest-bearing deposits | 300,338,000 | 307,820,000 | 321,799,000 | 328,683,000 |
| Noninterest-bearing deposits | 186,014,000 | 184,919,000 | 199,641,000 | 197,216,000 |
| Equity capital | 52,513,000 | 53,996,000 | 54,294,000 | 54,256,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 4,319,000 | 8,286,000 | 12,424,000 | 16,791,000 |
| Interest expense | 246,000 | 461,000 | 674,000 | 877,000 |
| Net interest income | 4,073,000 | 7,825,000 | 11,750,000 | 15,914,000 |
| Noninterest income | 440,000 | 948,000 | 1,856,000 | 2,318,000 |
| Noninterest expense | 2,748,000 | 5,494,000 | 8,372,000 | 11,216,000 |
| Provision for loan losses | 150,000 | 280,000 | 370,000 | 460,000 |
| Pretax income | 1,615,000 | 2,999,000 | 4,864,000 | 6,572,000 |
| Income tax | 263,000 | 461,000 | 778,000 | 1,063,000 |
| Net income | 1,352,000 | 2,538,000 | 4,086,000 | 5,509,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,232,000 | 46,953,000 | 48,037,000 | 48,993,000 |