Call reports 2015
GRAND RAPIDS STATE BANK — 2015
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 231,470,000 | 225,160,000 | 225,610,000 | 231,734,000 |
| Total loans | 127,145,000 | 131,736,000 | 136,384,000 | 138,266,000 |
| Allowance for loan losses | 1,148,000 | 1,144,000 | 1,188,000 | 1,186,000 |
| Securities available for sale | 72,723,000 | 69,458,000 | 66,044,000 | 64,833,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 198,764,000 | 195,670,000 | 197,615,000 | 206,048,000 |
| Interest-bearing deposits | 163,223,000 | 159,522,000 | 160,868,000 | 166,153,000 |
| Noninterest-bearing deposits | 35,541,000 | 36,148,000 | 36,747,000 | 39,896,000 |
| Equity capital | 24,071,000 | 23,496,000 | 23,915,000 | 22,418,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,178,000 | 4,379,000 | 6,560,000 | 8,786,000 |
| Interest expense | 149,000 | 291,000 | 427,000 | 556,000 |
| Net interest income | 2,029,000 | 4,088,000 | 6,133,000 | 8,230,000 |
| Noninterest income | 228,000 | 550,000 | 889,000 | 1,238,000 |
| Noninterest expense | 1,772,000 | 3,553,000 | 5,258,000 | 7,077,000 |
| Provision for loan losses | 0 | 0 | 45,000 | 45,000 |
| Pretax income | 485,000 | 1,085,000 | 1,740,000 | 2,367,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 485,000 | 1,085,000 | 1,740,000 | 2,366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,323,000 | 22,422,000 | 22,578,000 | 21,204,000 |
| Total capital | 23,471,000 | 23,566,000 | 23,766,000 | 22,390,000 |
| Risk-weighted assets | 141,176,000 | 151,395,000 | 153,778,000 | 155,738,000 |