Call reports 2014
GRAND RAPIDS STATE BANK — 2014
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 230,264,000 | 225,092,000 | 229,327,000 | 233,486,000 |
| Total loans | 125,283,000 | 127,375,000 | 127,581,000 | 125,921,000 |
| Allowance for loan losses | 1,196,000 | 1,190,000 | 1,192,000 | 1,150,000 |
| Securities available for sale | 80,277,000 | 77,862,000 | 76,006,000 | 74,243,000 |
| Securities held to maturity | 2,000 | 2,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 192,042,000 | 188,196,000 | 197,139,000 | 201,491,000 |
| Interest-bearing deposits | 161,653,000 | 157,693,000 | 159,926,000 | 164,814,000 |
| Noninterest-bearing deposits | 30,389,000 | 30,504,000 | 37,213,000 | 36,677,000 |
| Equity capital | 26,456,000 | 26,975,000 | 23,188,000 | 23,801,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,199,000 | 4,451,000 | 6,718,000 | 8,958,000 |
| Interest expense | 202,000 | 385,000 | 548,000 | 707,000 |
| Net interest income | 1,997,000 | 4,066,000 | 6,170,000 | 8,251,000 |
| Noninterest income | 400,000 | 717,000 | 1,011,000 | 1,714,000 |
| Noninterest expense | 1,893,000 | 3,825,000 | 5,539,000 | 7,340,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 504,000 | 958,000 | 1,648,000 | 2,631,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 503,000 | 955,000 | 1,644,000 | 2,626,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,716,000 | 25,666,000 | 21,856,000 | 22,338,000 |
| Total capital | 26,912,000 | 26,856,000 | 23,048,000 | 23,488,000 |
| Risk-weighted assets | 142,930,000 | 145,793,000 | 143,984,000 | 141,052,000 |