Call reports 2023
GRAND VALLEY BANK — 2023
What GRAND VALLEY BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 585,153,000 | 576,581,000 | 569,080,000 | 578,438,000 |
| Total loans | 272,034,000 | 282,586,000 | 285,938,000 | 290,491,000 |
| Allowance for loan losses | 4,595,000 | 4,746,000 | 4,866,000 | 4,987,000 |
| Securities available for sale | 276,621,000 | 263,866,000 | 243,281,000 | 248,614,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 549,051,000 | 534,301,000 | 539,109,000 | 535,877,000 |
| Interest-bearing deposits | 340,537,000 | 336,839,000 | 342,859,000 | 346,775,000 |
| Noninterest-bearing deposits | 208,514,000 | 197,462,000 | 196,250,000 | 189,102,000 |
| Equity capital | 34,157,000 | 34,749,000 | 27,618,000 | 39,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 6,061,000 | 12,441,000 | 19,174,000 | 26,232,000 |
| Interest expense | 1,034,000 | 2,566,000 | 4,322,000 | 6,250,000 |
| Net interest income | 5,027,000 | 9,875,000 | 14,852,000 | 19,982,000 |
| Noninterest income | 377,000 | 850,000 | 1,303,000 | 1,746,000 |
| Noninterest expense | 3,282,000 | 6,516,000 | 9,753,000 | 12,926,000 |
| Provision for loan losses | 150,000 | 300,000 | 420,000 | 540,000 |
| Pretax income | 1,972,000 | 3,909,000 | 5,982,000 | 8,262,000 |
| Income tax | 373,000 | 760,000 | 1,180,000 | 1,659,000 |
| Net income | 1,599,000 | 3,149,000 | 4,802,000 | 6,603,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,325,000 | 56,348,000 | 57,476,000 | 58,751,000 |
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