Call reports 2008
GRAND RAPIDS STATE BANK — 2008
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 237,264,000 | 236,253,000 | 236,089,000 | 244,077,000 |
| Total loans | 130,267,000 | 136,950,000 | 137,225,000 | 141,057,000 |
| Allowance for loan losses | 1,382,000 | 1,344,000 | 1,099,000 | 1,512,000 |
| Securities available for sale | 83,337,000 | 81,144,000 | 79,845,000 | 83,960,000 |
| Securities held to maturity | 3,048,000 | 2,823,000 | 2,823,000 | 2,739,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 194,728,000 | 194,952,000 | 196,588,000 | 203,048,000 |
| Interest-bearing deposits | 169,558,000 | 166,892,000 | 174,297,000 | 181,181,000 |
| Noninterest-bearing deposits | 25,169,000 | 28,060,000 | 22,290,000 | 21,867,000 |
| Equity capital | 29,868,000 | 28,322,000 | 24,343,000 | 25,481,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,578,000 | 7,018,000 | 10,491,000 | 13,931,000 |
| Interest expense | 1,445,000 | 2,610,000 | 3,648,000 | 4,726,000 |
| Net interest income | 2,133,000 | 4,408,000 | 6,843,000 | 9,205,000 |
| Noninterest income | 378,000 | 770,000 | 1,149,000 | 1,544,000 |
| Noninterest expense | 1,652,000 | 3,304,000 | 4,913,000 | 6,792,000 |
| Provision for loan losses | 30,000 | 105,000 | 180,000 | 755,000 |
| Pretax income | 807,000 | 1,765,000 | 2,895,000 | 3,198,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 806,000 | 1,762,000 | 2,891,000 | 3,193,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,441,000 | 28,897,000 | 24,526,000 | 24,328,000 |
| Total capital | 29,823,000 | 30,241,000 | 25,625,000 | 25,840,000 |
| Risk-weighted assets | 179,739,000 | 182,516,000 | 183,036,000 | 187,436,000 |
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