Call reports 2019
GRAND RAPIDS STATE BANK — 2019
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 214,034,000 | 234,658,000 | 227,543,000 | 224,505,000 |
| Total loans | 143,355,000 | 156,009,000 | 151,770,000 | 148,613,000 |
| Allowance for loan losses | 1,072,000 | 1,093,000 | 1,163,000 | 1,085,000 |
| Securities available for sale | 51,778,000 | 48,983,000 | 47,020,000 | 46,735,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 179,136,000 | 182,964,000 | 180,420,000 | 179,147,000 |
| Interest-bearing deposits | 145,472,000 | 148,247,000 | 146,874,000 | 146,391,000 |
| Noninterest-bearing deposits | 33,664,000 | 34,718,000 | 33,546,000 | 32,757,000 |
| Equity capital | 22,136,000 | 22,744,000 | 22,981,000 | 23,315,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 2,284,000 | 4,794,000 | 7,346,000 | 9,821,000 |
| Interest expense | 139,000 | 323,000 | 540,000 | 738,000 |
| Net interest income | 2,145,000 | 4,471,000 | 6,806,000 | 9,083,000 |
| Noninterest income | 313,000 | 679,000 | 1,040,000 | 1,683,000 |
| Noninterest expense | 1,977,000 | 3,940,000 | 5,894,000 | 7,880,000 |
| Provision for loan losses | 75,000 | 101,000 | 170,000 | 200,000 |
| Pretax income | 404,000 | 1,107,000 | 1,781,000 | 2,685,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 404,000 | 1,107,000 | 1,781,000 | 2,685,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,969,000 | 22,172,000 | 22,345,000 | 22,750,000 |
| Total capital | 23,041,000 | 23,265,000 | 23,508,000 | 23,835,000 |
| Risk-weighted assets | 166,524,000 | 174,158,000 | 170,319,000 | 168,313,000 |