Call reports 2020
GRAND RAPIDS STATE BANK — 2020
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 220,764,000 | 278,899,000 | 283,705,000 | 273,819,000 |
| Total loans | 151,796,000 | 168,862,000 | 165,987,000 | 155,973,000 |
| Allowance for loan losses | 1,085,000 | 1,079,000 | 1,084,000 | 1,139,000 |
| Securities available for sale | 43,271,000 | 42,664,000 | 41,534,000 | 55,394,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 176,674,000 | 204,353,000 | 207,114,000 | 215,354,000 |
| Interest-bearing deposits | 143,776,000 | 157,231,000 | 157,345,000 | 168,381,000 |
| Noninterest-bearing deposits | 32,899,000 | 47,122,000 | 49,769,000 | 46,972,000 |
| Equity capital | 22,971,000 | 25,390,000 | 25,986,000 | 25,608,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,421,000 | 5,641,000 | 8,138,000 | 10,531,000 |
| Interest expense | 175,000 | 329,000 | 481,000 | 666,000 |
| Net interest income | 2,246,000 | 5,312,000 | 7,657,000 | 9,865,000 |
| Noninterest income | 375,000 | 902,000 | 1,656,000 | 1,957,000 |
| Noninterest expense | 2,116,000 | 4,066,000 | 6,019,000 | 8,322,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 505,000 | 2,148,000 | 3,294,000 | 3,500,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 505,000 | 2,148,000 | 3,294,000 | 3,500,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,755,000 | 23,898,000 | 24,543,000 | 24,250,000 |