Call reports 2018
GRAND RAPIDS STATE BANK — 2018
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 213,662,000 | 224,795,000 | 224,027,000 | 230,522,000 |
| Total loans | 138,514,000 | 142,991,000 | 139,407,000 | 139,432,000 |
| Allowance for loan losses | 1,034,000 | 1,008,000 | 1,034,000 | 1,001,000 |
| Securities available for sale | 51,104,000 | 49,110,000 | 53,925,000 | 58,528,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 186,696,000 | 189,980,000 | 181,012,000 | 181,717,000 |
| Interest-bearing deposits | 154,985,000 | 154,383,000 | 145,749,000 | 147,896,000 |
| Noninterest-bearing deposits | 31,711,000 | 35,596,000 | 35,263,000 | 33,821,000 |
| Equity capital | 21,336,000 | 21,273,000 | 21,057,000 | 21,701,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,072,000 | 4,278,000 | 6,521,000 | 8,867,000 |
| Interest expense | 116,000 | 234,000 | 361,000 | 496,000 |
| Net interest income | 1,956,000 | 4,044,000 | 6,160,000 | 8,371,000 |
| Noninterest income | 360,000 | 694,000 | 1,048,000 | 1,413,000 |
| Noninterest expense | 1,849,000 | 3,709,000 | 5,658,000 | 7,296,000 |
| Provision for loan losses | 0 | 0 | 30,000 | 248,000 |
| Pretax income | 472,000 | 1,034,000 | 1,525,000 | 2,245,000 |
| Income tax | 4,000 | 4,000 | 0 | 0 |
| Net income | 468,000 | 1,030,000 | 1,525,000 | 2,245,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,787,000 | 21,849,000 | 21,844,000 | 22,065,000 |
| Total capital | 22,821,000 | 22,857,000 | 22,878,000 | 23,066,000 |
| Risk-weighted assets | 160,976,000 | 166,983,000 | 166,891,000 | 162,439,000 |