Call reports 2016
GRAND RAPIDS STATE BANK — 2016
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 224,254,000 | 223,114,000 | 221,167,000 | 221,648,000 |
| Total loans | 139,948,000 | 143,682,000 | 140,914,000 | 142,862,000 |
| Allowance for loan losses | 1,171,000 | 1,162,000 | 1,090,000 | 1,057,000 |
| Securities available for sale | 62,446,000 | 59,568,000 | 59,284,000 | 58,136,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 197,444,000 | 195,226,000 | 192,657,000 | 195,448,000 |
| Interest-bearing deposits | 161,270,000 | 163,750,000 | 159,473,000 | 161,922,000 |
| Noninterest-bearing deposits | 36,174,000 | 31,477,000 | 33,184,000 | 33,525,000 |
| Equity capital | 22,586,000 | 22,959,000 | 22,957,000 | 22,073,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,161,000 | 4,344,000 | 6,506,000 | 8,735,000 |
| Interest expense | 127,000 | 250,000 | 375,000 | 495,000 |
| Net interest income | 2,034,000 | 4,094,000 | 6,131,000 | 8,240,000 |
| Noninterest income | 339,000 | 1,068,000 | 1,342,000 | 1,727,000 |
| Noninterest expense | 1,900,000 | 3,941,000 | 5,661,000 | 7,416,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 473,000 | 1,264,000 | 1,855,000 | 2,594,000 |
| Income tax | 4,000 | 4,000 | 4,000 | 4,000 |
| Net income | 469,000 | 1,260,000 | 1,851,000 | 2,590,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,173,000 | 21,465,000 | 21,555,000 | 21,794,000 |
| Total capital | 22,344,000 | 22,627,000 | 22,645,000 | 22,851,000 |
| Risk-weighted assets | 157,267,000 | 160,203,000 | 158,406,000 | 159,906,000 |