Call reports 2010
GRAND RAPIDS STATE BANK — 2010
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 237,942,000 | 228,124,000 | 228,590,000 | 229,369,000 |
| Total loans | 138,351,000 | 139,040,000 | 136,549,000 | 134,111,000 |
| Allowance for loan losses | 2,196,000 | 2,252,000 | 2,087,000 | 2,353,000 |
| Securities available for sale | 60,779,000 | 62,000,000 | 61,999,000 | 60,061,000 |
| Securities held to maturity | 989,000 | 789,000 | 790,000 | 790,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 203,032,000 | 195,007,000 | 192,805,000 | 194,401,000 |
| Interest-bearing deposits | 180,471,000 | 171,907,000 | 168,714,000 | 170,558,000 |
| Noninterest-bearing deposits | 22,561,000 | 23,101,000 | 24,091,000 | 23,843,000 |
| Equity capital | 26,468,000 | 26,591,000 | 26,986,000 | 25,791,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,001,000 | 6,011,000 | 9,001,000 | 11,900,000 |
| Interest expense | 733,000 | 1,418,000 | 2,068,000 | 2,690,000 |
| Net interest income | 2,268,000 | 4,593,000 | 6,933,000 | 9,210,000 |
| Noninterest income | 340,000 | 644,000 | 968,000 | 1,293,000 |
| Noninterest expense | 1,654,000 | 3,359,000 | 5,209,000 | 6,984,000 |
| Provision for loan losses | 120,000 | 200,000 | 320,000 | 670,000 |
| Pretax income | 834,000 | 1,678,000 | 2,372,000 | 2,849,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 833,000 | 1,675,000 | 2,368,000 | 2,844,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,556,000 | 24,798,000 | 24,891,000 | 24,767,000 |
| Total capital | 26,752,000 | 26,971,000 | 26,978,000 | 26,953,000 |
| Risk-weighted assets | 178,431,000 | 173,746,000 | 176,191,000 | 174,690,000 |
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