Call reports 2021
GROVE BANK — 2021
What GROVE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 38,726,000 | 40,531,000 | 38,896,000 | 40,547,000 |
| Total loans | 25,155,000 | 26,984,000 | 26,286,000 | 27,172,000 |
| Allowance for loan losses | 61,000 | 67,000 | 73,000 | 79,000 |
| Securities available for sale | 0 | 275,000 | 823,000 | 1,505,000 |
| Securities held to maturity | 250,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,998,000 | 28,713,000 | 27,125,000 | 28,834,000 |
| Interest-bearing deposits | 20,353,000 | 21,327,000 | 21,371,000 | 22,345,000 |
| Noninterest-bearing deposits | 6,645,000 | 7,386,000 | 5,755,000 | 6,489,000 |
| Equity capital | 5,602,000 | 5,705,000 | 5,742,000 | 5,765,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 370,000 | 762,000 | 1,118,000 | 1,472,000 |
| Interest expense | 56,000 | 117,000 | 175,000 | 232,000 |
| Net interest income | 314,000 | 645,000 | 943,000 | 1,240,000 |
| Noninterest income | 20,000 | 30,000 | 42,000 | 56,000 |
| Noninterest expense | 186,000 | 405,000 | 656,000 | 911,000 |
| Provision for loan losses | 6,000 | 13,000 | 19,000 | 25,000 |
| Pretax income | 142,000 | 282,000 | 333,000 | 365,000 |
| Income tax | 39,000 | 76,000 | 90,000 | 99,000 |
| Net income | 103,000 | 206,000 | 243,000 | 266,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,500,000 | 3,627,000 | 3,666,000 | 3,731,000 |