Call reports 2023
GRAND RAPIDS STATE BANK — 2023
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 262,550,000 | 245,069,000 | 248,033,000 | 249,600,000 |
| Total loans | 141,179,000 | 142,869,000 | 138,023,000 | 143,076,000 |
| Allowance for loan losses | 1,131,000 | 1,120,000 | 925,000 | 1,100,000 |
| Securities available for sale | 78,120,000 | 75,687,000 | 71,620,000 | 68,852,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 240,656,000 | 223,562,000 | 226,449,000 | 226,786,000 |
| Interest-bearing deposits | 186,075,000 | 174,015,000 | 169,896,000 | 175,856,000 |
| Noninterest-bearing deposits | 54,581,000 | 49,547,000 | 56,553,000 | 50,930,000 |
| Equity capital | 19,489,000 | 18,966,000 | 18,777,000 | 20,120,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,515,000 | 5,191,000 | 7,869,000 | 10,564,000 |
| Interest expense | 101,000 | 221,000 | 380,000 | 586,000 |
| Net interest income | 2,414,000 | 4,970,000 | 7,489,000 | 9,978,000 |
| Noninterest income | 342,000 | 678,000 | 1,032,000 | 1,396,000 |
| Noninterest expense | 2,154,000 | 4,251,000 | 6,379,000 | 8,623,000 |
| Provision for loan losses | 0 | 0 | 0 | 553,000 |
| Pretax income | 602,000 | 1,397,000 | 2,142,000 | 2,198,000 |
| Income tax | 48,000 | 88,000 | 128,000 | 186,000 |
| Net income | 554,000 | 1,309,000 | 2,014,000 | 2,012,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,183,000 | 24,437,000 | 24,644,000 | 24,142,000 |
| Total capital | 25,315,000 | — | — | — |
| Risk-weighted assets | 172,204,000 | — | — | — |