Call reports 2022
GRAND RAPIDS STATE BANK — 2022
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 273,532,000 | 269,700,000 | 270,713,000 | 267,438,000 |
| Total loans | 141,762,000 | 144,829,000 | 147,434,000 | 144,261,000 |
| Allowance for loan losses | 1,136,000 | 1,133,000 | 1,134,000 | 1,132,000 |
| Securities available for sale | 74,794,000 | 83,718,000 | 88,442,000 | 86,661,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 236,284,000 | 238,786,000 | 245,223,000 | 246,524,000 |
| Interest-bearing deposits | 183,260,000 | 188,296,000 | 186,329,000 | 193,883,000 |
| Noninterest-bearing deposits | 53,025,000 | 50,490,000 | 58,894,000 | 52,641,000 |
| Equity capital | 21,388,000 | 19,525,000 | 17,516,000 | 18,496,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 2,187,000 | 4,477,000 | 6,944,000 | 9,411,000 |
| Interest expense | 84,000 | 166,000 | 246,000 | 327,000 |
| Net interest income | 2,103,000 | 4,311,000 | 6,698,000 | 9,084,000 |
| Noninterest income | 371,000 | 780,000 | 1,121,000 | 1,383,000 |
| Noninterest expense | 2,140,000 | 4,273,000 | 6,369,000 | 8,418,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 334,000 | 818,000 | 1,450,000 | 2,049,000 |
| Income tax | 68,000 | 109,000 | 150,000 | 191,000 |
| Net income | 266,000 | 709,000 | 1,300,000 | 1,858,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,035,000 | 23,979,000 | 24,070,000 | 24,128,000 |
| Total capital | — | — | — | 25,260,000 |
| Risk-weighted assets | — | — | — | 174,983,000 |