Call reports 2024
GRAND VALLEY BANK — 2024
What GRAND VALLEY BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 575,163,000 | 569,606,000 | 584,753,000 | 578,052,000 |
| Total loans | 279,188,000 | 284,105,000 | 278,310,000 | 277,473,000 |
| Allowance for loan losses | 5,109,000 | 5,215,000 | 5,262,000 | 5,293,000 |
| Securities available for sale | 244,669,000 | 247,618,000 | 269,385,000 | 260,017,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 534,067,000 | 526,006,000 | 535,252,000 | 532,766,000 |
| Interest-bearing deposits | 348,541,000 | 349,286,000 | 358,336,000 | 349,865,000 |
| Noninterest-bearing deposits | 185,526,000 | 176,720,000 | 176,916,000 | 182,901,000 |
| Equity capital | 38,704,000 | 41,011,000 | 46,921,000 | 42,652,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 7,027,000 | 14,259,000 | 21,723,000 | 29,255,000 |
| Interest expense | 2,110,000 | 4,345,000 | 6,716,000 | 8,976,000 |
| Net interest income | 4,917,000 | 9,914,000 | 15,007,000 | 20,279,000 |
| Noninterest income | 424,000 | 1,366,000 | 1,789,000 | 2,182,000 |
| Noninterest expense | 3,235,000 | 6,464,000 | 9,765,000 | 12,996,000 |
| Provision for loan losses | 120,000 | 225,000 | 270,000 | 300,000 |
| Pretax income | 1,986,000 | 4,591,000 | 6,761,000 | 9,165,000 |
| Income tax | 410,000 | 974,000 | 1,423,000 | 1,937,000 |
| Net income | 1,576,000 | 3,617,000 | 5,338,000 | 7,228,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,686,000 | 61,088,000 | 62,168,000 | 63,419,000 |