Call reports 2024
GRAND RIVER BANK — 2024
What GRAND RIVER 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 | 545,693,000 | 550,884,000 | 540,986,000 | 523,741,000 |
| Total loans | 499,718,000 | 499,316,000 | 488,729,000 | 480,486,000 |
| Allowance for loan losses | 5,315,000 | 5,339,000 | 5,188,000 | 5,140,000 |
| Securities available for sale | 13,404,000 | 12,998,000 | 13,200,000 | 12,431,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 474,642,000 | 462,149,000 | 471,744,000 | 436,705,000 |
| Interest-bearing deposits | 383,673,000 | 365,965,000 | 378,108,000 | 346,884,000 |
| Noninterest-bearing deposits | 90,969,000 | 96,184,000 | 93,636,000 | 89,821,000 |
| Equity capital | 47,530,000 | 47,644,000 | 48,269,000 | 48,312,000 |
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 | 7,039,000 | 14,169,000 | 21,434,000 | 28,415,000 |
| Interest expense | 3,854,000 | 7,647,000 | 11,445,000 | 14,938,000 |
| Net interest income | 3,185,000 | 6,522,000 | 9,989,000 | 13,477,000 |
| Noninterest income | 241,000 | 556,000 | 754,000 | 980,000 |
| Noninterest expense | 3,429,000 | 6,987,000 | 10,500,000 | 13,739,000 |
| Provision for loan losses | -83,000 | -53,000 | -201,000 | -228,000 |
| Pretax income | 148,000 | 270,000 | 547,000 | 1,095,000 |
| Income tax | 34,000 | 61,000 | 119,000 | 234,000 |
| Net income | 5,000 | 152,000 | 354,000 | 776,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,815,000 | 47,995,000 | 48,235,000 | 48,749,000 |
| Total capital | 53,413,000 | 53,561,000 | 53,673,000 | 54,093,000 |
| Risk-weighted assets | 473,293,000 | 465,680,000 | 455,930,000 | 447,361,000 |
Machine access — free, no API key
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