Call reports 2017
GRAND RAPIDS STATE BANK — 2017
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 217,925,000 | 229,231,000 | 228,629,000 | 231,167,000 |
| Total loans | 142,572,000 | 144,420,000 | 140,226,000 | 138,284,000 |
| Allowance for loan losses | 998,000 | 1,005,000 | 949,000 | 1,040,000 |
| Securities available for sale | 52,205,000 | 51,408,000 | 56,846,000 | 60,606,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,781,000 | 200,465,000 | 197,673,000 | 201,283,000 |
| Interest-bearing deposits | 159,777,000 | 162,447,000 | 162,599,000 | 160,755,000 |
| Noninterest-bearing deposits | 32,004,000 | 38,018,000 | 35,074,000 | 40,527,000 |
| Equity capital | 22,174,000 | 22,541,000 | 22,586,000 | 21,896,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,092,000 | 4,267,000 | 6,421,000 | 8,594,000 |
| Interest expense | 118,000 | 238,000 | 366,000 | 492,000 |
| Net interest income | 1,974,000 | 4,029,000 | 6,055,000 | 8,102,000 |
| Noninterest income | 308,000 | 677,000 | 1,296,000 | 1,622,000 |
| Noninterest expense | 1,849,000 | 3,651,000 | 5,475,000 | 7,244,000 |
| Provision for loan losses | 0 | 0 | 175,000 | 235,000 |
| Pretax income | 433,000 | 1,055,000 | 1,701,000 | 2,245,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 433,000 | 1,055,000 | 1,701,000 | 2,245,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,727,000 | 21,849,000 | 21,995,000 | 21,819,000 |
| Total capital | 22,725,000 | 22,854,000 | 22,944,000 | 22,859,000 |
| Risk-weighted assets | 158,340,000 | 161,364,000 | 158,066,000 | 163,083,000 |