Call reports 2020
GRAND RIVER BANK — 2020
What GRAND RIVER BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 330,977,000 | 397,295,000 | 455,014,000 | 451,788,000 |
| Total loans | 302,491,000 | 367,316,000 | 381,323,000 | 370,594,000 |
| Allowance for loan losses | 3,865,000 | 4,515,000 | 4,651,000 | 4,706,000 |
| Securities available for sale | 5,375,000 | 5,005,000 | 4,466,000 | 7,474,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 285,727,000 | 339,780,000 | 372,059,000 | 392,494,000 |
| Interest-bearing deposits | 236,205,000 | 247,326,000 | 271,690,000 | 300,935,000 |
| Noninterest-bearing deposits | 49,522,000 | 92,454,000 | 100,369,000 | 91,559,000 |
| Equity capital | 34,175,000 | 35,126,000 | 39,409,000 | 40,547,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,521,000 | 7,231,000 | 11,254,000 | 15,085,000 |
| Interest expense | 1,133,000 | 2,067,000 | 2,884,000 | 3,743,000 |
| Net interest income | 2,388,000 | 5,164,000 | 8,370,000 | 11,342,000 |
| Noninterest income | 518,000 | 1,314,000 | 2,658,000 | 4,314,000 |
| Noninterest expense | 2,159,000 | 3,922,000 | 6,697,000 | 9,814,000 |
| Provision for loan losses | 690,000 | 1,340,000 | 1,476,000 | 1,531,000 |
| Pretax income | 57,000 | 1,216,000 | 2,855,000 | 4,311,000 |
| Income tax | 12,000 | 261,000 | 614,000 | 927,000 |
| Net income | 45,000 | 955,000 | 2,241,000 | 3,384,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,034,000 | 34,942,000 | 39,230,000 | 40,372,000 |
| Total capital | 37,864,000 | 38,874,000 | 43,161,000 | 44,384,000 |
| Risk-weighted assets | 306,396,000 | 313,982,000 | 313,791,000 | 320,279,000 |