Call reports 2011
GRAND RAPIDS STATE BANK — 2011
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 228,572,000 | 222,999,000 | 227,996,000 | 238,734,000 |
| Total loans | 130,930,000 | 127,126,000 | 125,294,000 | 121,892,000 |
| Allowance for loan losses | 2,428,000 | 2,505,000 | 2,472,000 | 2,417,000 |
| Securities available for sale | 70,154,000 | 72,457,000 | 76,159,000 | 79,889,000 |
| Securities held to maturity | 480,000 | 480,000 | 419,000 | 418,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 194,153,000 | 187,540,000 | 188,041,000 | 195,192,000 |
| Interest-bearing deposits | 170,721,000 | 166,185,000 | 163,694,000 | 171,354,000 |
| Noninterest-bearing deposits | 23,432,000 | 21,355,000 | 24,347,000 | 23,838,000 |
| Equity capital | 26,061,000 | 26,580,000 | 27,819,000 | 28,021,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,779,000 | 5,591,000 | 8,332,000 | 11,028,000 |
| Interest expense | 557,000 | 1,078,000 | 1,574,000 | 2,036,000 |
| Net interest income | 2,222,000 | 4,513,000 | 6,758,000 | 8,992,000 |
| Noninterest income | 301,000 | 577,000 | 907,000 | 1,139,000 |
| Noninterest expense | 1,904,000 | 3,808,000 | 5,327,000 | 7,036,000 |
| Provision for loan losses | 80,000 | 200,000 | 280,000 | 320,000 |
| Pretax income | 539,000 | 1,082,000 | 2,058,000 | 2,775,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 538,000 | 1,079,000 | 2,054,000 | 2,770,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,705,000 | 24,646,000 | 25,121,000 | 25,237,000 |
| Total capital | 26,890,000 | 26,800,000 | 27,276,000 | 27,417,000 |
| Risk-weighted assets | 174,566,000 | 171,953,000 | 172,060,000 | 174,173,000 |