Call reports 2025
GRAND RAPIDS STATE BANK — 2025
What GRAND RAPIDS STATE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 230,548,000 | 237,242,000 | 250,117,000 | 252,810,000 |
| Total loans | 159,964,000 | 154,743,000 | 152,487,000 | 144,642,000 |
| Allowance for loan losses | 1,138,000 | 4,085,000 | 4,066,000 | 954,000 |
| Securities available for sale | 44,670,000 | 42,297,000 | 45,317,000 | 46,721,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 205,178,000 | 211,792,000 | 225,153,000 | 227,186,000 |
| Interest-bearing deposits | 153,878,000 | 159,057,000 | 161,811,000 | 167,696,000 |
| Noninterest-bearing deposits | 51,300,000 | 52,735,000 | 63,342,000 | 59,490,000 |
| Equity capital | 22,729,000 | 20,673,000 | 22,041,000 | 22,713,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 3,060,000 | 6,277,000 | 9,742,000 | 13,238,000 |
| Interest expense | 288,000 | 602,000 | 926,000 | 1,223,000 |
| Net interest income | 2,772,000 | 5,675,000 | 8,816,000 | 12,015,000 |
| Noninterest income | 418,000 | 797,000 | 1,177,000 | 1,532,000 |
| Noninterest expense | 2,338,000 | 4,608,000 | 6,836,000 | 9,264,000 |
| Provision for loan losses | 17,000 | 2,966,000 | 2,953,000 | 2,962,000 |
| Pretax income | 852,000 | -1,086,000 | 206,000 | 1,332,000 |
| Income tax | 70,000 | 10,000 | 10,000 | 127,000 |
| Net income | 782,000 | -1,096,000 | 196,000 | 1,205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,361,000 | 22,982,000 | 23,775,000 | 24,283,000 |