Call reports 2002
GRAND RIVERS COMMUNITY BANK — 2002
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 13,529,000 | 13,144,000 | 13,370,000 | 14,261,000 |
| Total loans | 5,987,000 | 5,943,000 | 5,763,000 | 5,871,000 |
| Allowance for loan losses | 77,000 | 80,000 | 102,000 | 124,000 |
| Securities available for sale | 5,072,000 | 4,903,000 | 4,039,000 | 4,885,000 |
| Securities held to maturity | 383,000 | 370,000 | 656,000 | 703,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 12,430,000 | 12,006,000 | 12,265,000 | 13,150,000 |
| Interest-bearing deposits | 10,322,000 | 10,042,000 | 10,059,000 | 10,841,000 |
| Noninterest-bearing deposits | 2,108,000 | 1,964,000 | 2,206,000 | 2,309,000 |
| Equity capital | 1,017,000 | 1,068,000 | 1,040,000 | 1,058,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 207,000 | 408,000 | 597,000 | 787,000 |
| Interest expense | 84,000 | 159,000 | 231,000 | 300,000 |
| Net interest income | 123,000 | 249,000 | 366,000 | 487,000 |
| Noninterest income | 25,000 | 49,000 | 73,000 | 97,000 |
| Noninterest expense | 106,000 | 214,000 | 317,000 | 427,000 |
| Provision for loan losses | 5,000 | 7,000 | 71,000 | 93,000 |
| Pretax income | 33,000 | 73,000 | 47,000 | 60,000 |
| Income tax | 8,000 | 17,000 | 11,000 | 4,000 |
| Net income | 25,000 | 56,000 | 36,000 | 56,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,003,000 | 1,034,000 | 1,014,000 | 1,034,000 |
| Total capital | 1,080,000 | 1,114,000 | 1,092,000 | 1,114,000 |
| Risk-weighted assets | 6,452,000 | 6,329,000 | 6,178,000 | 6,304,000 |