Call reports 2024
GRAND RAPIDS STATE BANK — 2024
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 237,387,000 | 238,841,000 | 250,186,000 | 238,034,000 |
| Total loans | 149,478,000 | 151,884,000 | 153,852,000 | 153,045,000 |
| Allowance for loan losses | 1,118,000 | 1,120,000 | 1,120,000 | 1,121,000 |
| Securities available for sale | 62,497,000 | 59,522,000 | 54,943,000 | 48,091,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 214,577,000 | 215,587,000 | 225,002,000 | 213,065,000 |
| Interest-bearing deposits | 168,102,000 | 167,433,000 | 167,303,000 | 158,007,000 |
| Noninterest-bearing deposits | 46,475,000 | 48,154,000 | 57,699,000 | 55,058,000 |
| Equity capital | 20,229,000 | 20,627,000 | 22,347,000 | 22,189,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,773,000 | 5,672,000 | 8,708,000 | 11,880,000 |
| Interest expense | 234,000 | 481,000 | 750,000 | 1,044,000 |
| Net interest income | 2,539,000 | 5,191,000 | 7,958,000 | 10,836,000 |
| Noninterest income | 311,000 | 653,000 | 1,016,000 | 1,400,000 |
| Noninterest expense | 2,209,000 | 4,404,000 | 6,554,000 | 8,797,000 |
| Provision for loan losses | 0 | 19,000 | 19,000 | 25,000 |
| Pretax income | 641,000 | 1,440,000 | 2,420,000 | 3,439,000 |
| Income tax | 54,000 | 108,000 | 162,000 | 301,000 |
| Net income | 587,000 | 1,332,000 | 2,258,000 | 3,138,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,228,000 | 24,474,000 | 24,900,000 | 25,280,000 |