Call reports 2023
GRAND RIVER BANK — 2023
What GRAND RIVER 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 | 515,731,000 | 533,187,000 | 550,450,000 | 548,652,000 |
| Total loans | 467,984,000 | 487,463,000 | 499,405,000 | 504,992,000 |
| Allowance for loan losses | 5,352,000 | 5,407,000 | 5,479,000 | 5,412,000 |
| Securities available for sale | 14,684,000 | 14,282,000 | 13,375,000 | 13,882,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 441,449,000 | 445,004,000 | 472,134,000 | 464,630,000 |
| Interest-bearing deposits | 333,844,000 | 341,434,000 | 370,095,000 | 368,560,000 |
| Noninterest-bearing deposits | 107,605,000 | 103,570,000 | 102,039,000 | 96,070,000 |
| Equity capital | 45,558,000 | 44,009,000 | 46,142,000 | 44,641,000 |
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 | 5,963,000 | 12,376,000 | 19,331,000 | 25,739,000 |
| Interest expense | 2,607,000 | 5,623,000 | 8,989,000 | 12,673,000 |
| Net interest income | 3,356,000 | 6,753,000 | 10,342,000 | 13,066,000 |
| Noninterest income | 568,000 | 2,040,000 | 3,013,000 | 843,000 |
| Noninterest expense | 6,080,000 | 12,843,000 | 18,705,000 | 14,269,000 |
| Provision for loan losses | 0 | 0 | -85,000 | -49,000 |
| Pretax income | -2,156,000 | -4,050,000 | -5,265,000 | -311,000 |
| Income tax | -453,000 | -851,000 | -1,105,000 | -38,000 |
| Net income | -1,703,000 | -3,199,000 | -4,160,000 | -6,360,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,755,000 | 46,259,000 | 48,797,000 | 44,841,000 |
| Total capital | 53,589,000 | 52,187,000 | 54,640,000 | 50,605,000 |
| Risk-weighted assets | 466,665,000 | 480,473,000 | 485,892,000 | 479,595,000 |