Call reports 2003
GRAND RIVERS COMMUNITY BANK — 2003
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 13,923,000 | 14,476,000 | 13,641,000 | 14,410,000 |
| Total loans | 5,683,000 | 5,147,000 | 4,895,000 | 5,004,000 |
| Allowance for loan losses | 117,000 | 110,000 | 122,000 | 91,000 |
| Securities available for sale | 5,511,000 | 5,358,000 | 6,183,000 | 6,660,000 |
| Securities held to maturity | 382,000 | 350,000 | 209,000 | 209,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 12,790,000 | 13,121,000 | 12,329,000 | 13,141,000 |
| Interest-bearing deposits | 10,589,000 | 10,773,000 | 10,250,000 | 10,940,000 |
| Noninterest-bearing deposits | 2,201,000 | 2,348,000 | 2,079,000 | 2,201,000 |
| Equity capital | 1,086,000 | 1,139,000 | 1,095,000 | 1,072,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 178,000 | 349,000 | 508,000 | 632,000 |
| Interest expense | 49,000 | 98,000 | 150,000 | 181,000 |
| Net interest income | 129,000 | 251,000 | 358,000 | 451,000 |
| Noninterest income | 26,000 | 51,000 | 70,000 | 94,000 |
| Noninterest expense | 106,000 | 212,000 | 323,000 | 444,000 |
| Provision for loan losses | 0 | 6,000 | 24,000 | 50,000 |
| Pretax income | 49,000 | 84,000 | 84,000 | 55,000 |
| Income tax | 5,000 | 7,000 | 8,000 | 8,000 |
| Net income | 44,000 | 77,000 | 76,000 | 47,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,078,000 | 1,111,000 | 1,110,000 | 1,081,000 |
| Total capital | 1,156,000 | 1,187,000 | 1,182,000 | 1,154,000 |
| Risk-weighted assets | 6,184,000 | 6,031,000 | 5,688,000 | 5,861,000 |