Call reports 2019
GROVE BANK — 2019
What GROVE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 24,622,000 | 28,813,000 | 31,185,000 | 29,694,000 |
| Total loans | 15,177,000 | 14,852,000 | 16,125,000 | 15,255,000 |
| Allowance for loan losses | 96,000 | 3,000 | 10,000 | 24,000 |
| Securities available for sale | 897,000 | 248,000 | 250,000 | 250,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,900,000 | 23,625,000 | 25,902,000 | 24,373,000 |
| Interest-bearing deposits | 14,645,000 | 18,988,000 | 20,631,000 | 20,053,000 |
| Noninterest-bearing deposits | 4,255,000 | 4,637,000 | 5,271,000 | 4,320,000 |
| Equity capital | 5,679,000 | 5,179,000 | 5,253,000 | 5,282,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 265,000 | 221,000 | 488,000 | 809,000 |
| Interest expense | 22,000 | 25,000 | 55,000 | 141,000 |
| Net interest income | 243,000 | 196,000 | 433,000 | 668,000 |
| Noninterest income | 30,000 | 18,000 | 55,000 | 82,000 |
| Noninterest expense | 194,000 | 106,000 | 298,000 | 444,000 |
| Provision for loan losses | 0 | 2,000 | 8,000 | 14,000 |
| Pretax income | 79,000 | 108,000 | 182,000 | 292,000 |
| Income tax | 0 | 0 | 0 | 81,000 |
| Net income | 79,000 | 108,000 | 182,000 | 211,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,682,000 | 3,148,000 | 3,235,000 | 3,059,000 |
| Total capital | 5,778,000 | 3,151,000 | 3,245,000 | 3,083,000 |
| Risk-weighted assets | 13,351,000 | 16,602,000 | 14,126,000 | 14,311,000 |