Call reports 2009
GRAND RAPIDS STATE BANK — 2009
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 239,644,000 | 233,551,000 | 239,320,000 | 236,048,000 |
| Total loans | 143,332,000 | 145,949,000 | 143,610,000 | 141,624,000 |
| Allowance for loan losses | 1,711,000 | 1,770,000 | 2,183,000 | 2,153,000 |
| Securities available for sale | 78,459,000 | 71,903,000 | 71,531,000 | 66,543,000 |
| Securities held to maturity | 2,240,000 | 2,010,000 | 1,810,000 | 1,459,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,769,000 | 189,332,000 | 197,300,000 | 200,952,000 |
| Interest-bearing deposits | 178,657,000 | 168,176,000 | 173,982,000 | 178,045,000 |
| Noninterest-bearing deposits | 22,112,000 | 21,155,000 | 23,318,000 | 22,907,000 |
| Equity capital | 25,610,000 | 25,555,000 | 25,955,000 | 26,065,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 3,354,000 | 6,660,000 | 9,892,000 | 13,088,000 |
| Interest expense | 1,024,000 | 1,918,000 | 2,783,000 | 3,621,000 |
| Net interest income | 2,330,000 | 4,742,000 | 7,109,000 | 9,467,000 |
| Noninterest income | 295,000 | 651,000 | 962,000 | 1,337,000 |
| Noninterest expense | 1,656,000 | 3,449,000 | 5,103,000 | 6,679,000 |
| Provision for loan losses | 320,000 | 440,000 | 1,810,000 | 1,930,000 |
| Pretax income | 654,000 | 1,509,000 | 1,163,000 | 2,200,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 653,000 | 1,506,000 | 1,159,000 | 2,195,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,381,000 | 24,635,000 | 23,787,000 | 24,323,000 |
| Total capital | 26,092,000 | 26,405,000 | 25,970,000 | 26,476,000 |
| Risk-weighted assets | 185,851,000 | 187,135,000 | 185,507,000 | 183,503,000 |
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