Call reports 2021
GRAND RAPIDS STATE BANK — 2021
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 282,496,000 | 274,016,000 | 281,095,000 | 281,812,000 |
| Total loans | 148,960,000 | 150,564,000 | 144,781,000 | 149,534,000 |
| Allowance for loan losses | 1,139,000 | 1,138,000 | 1,130,000 | 1,137,000 |
| Securities available for sale | 66,158,000 | 55,018,000 | 53,626,000 | 61,131,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 225,605,000 | 226,158,000 | 234,570,000 | 238,358,000 |
| Interest-bearing deposits | 174,479,000 | 173,942,000 | 181,429,000 | 186,509,000 |
| Noninterest-bearing deposits | 51,126,000 | 52,216,000 | 53,141,000 | 51,849,000 |
| Equity capital | 25,277,000 | 25,345,000 | 25,264,000 | 24,442,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,261,000 | 4,576,000 | 6,883,000 | 9,092,000 |
| Interest expense | 138,000 | 252,000 | 345,000 | 434,000 |
| Net interest income | 2,123,000 | 4,324,000 | 6,538,000 | 8,658,000 |
| Noninterest income | 449,000 | 909,000 | 1,351,000 | 1,708,000 |
| Noninterest expense | 2,002,000 | 3,993,000 | 6,123,000 | 8,201,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 570,000 | 1,261,000 | 1,787,000 | 2,186,000 |
| Income tax | 0 | 0 | 0 | 165,000 |
| Net income | 570,000 | 1,261,000 | 1,787,000 | 2,021,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,320,000 | 24,511,000 | 24,516,000 | 24,270,000 |