Call reports 2013
GRAND RAPIDS STATE BANK — 2013
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 240,932,000 | 228,780,000 | 230,959,000 | 236,568,000 |
| Total loans | 123,809,000 | 129,109,000 | 126,235,000 | 125,831,000 |
| Allowance for loan losses | 1,689,000 | 1,299,000 | 1,401,000 | 1,218,000 |
| Securities available for sale | 87,947,000 | 82,856,000 | 80,834,000 | 82,756,000 |
| Securities held to maturity | 118,000 | 117,000 | 117,000 | 117,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 201,875,000 | 190,652,000 | 194,698,000 | 198,107,000 |
| Interest-bearing deposits | 174,349,000 | 164,251,000 | 165,918,000 | 169,869,000 |
| Noninterest-bearing deposits | 27,526,000 | 26,402,000 | 28,781,000 | 28,238,000 |
| Equity capital | 27,834,000 | 26,824,000 | 25,837,000 | 25,889,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,304,000 | 4,687,000 | 7,010,000 | 9,318,000 |
| Interest expense | 267,000 | 515,000 | 751,000 | 970,000 |
| Net interest income | 2,037,000 | 4,172,000 | 6,259,000 | 8,348,000 |
| Noninterest income | 274,000 | 605,000 | 889,000 | 1,234,000 |
| Noninterest expense | 1,854,000 | 3,692,000 | 5,523,000 | 7,296,000 |
| Provision for loan losses | 0 | 0 | 150,000 | 150,000 |
| Pretax income | 457,000 | 1,085,000 | 1,481,000 | 2,142,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 456,000 | 1,082,000 | 1,477,000 | 2,137,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,531,000 | 25,657,000 | 25,552,000 | 25,712,000 |
| Total capital | 27,220,000 | 26,956,000 | 26,953,000 | 26,930,000 |
| Risk-weighted assets | 142,743,000 | 145,783,000 | 143,890,000 | 144,639,000 |