Call reports 2004
GRAND RIVERS COMMUNITY BANK — 2004
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 14,345,000 | 14,310,000 | 14,561,000 | 14,647,000 |
| Total loans | 5,044,000 | 4,957,000 | 4,753,000 | 5,234,000 |
| Allowance for loan losses | 91,000 | 110,000 | 111,000 | 116,000 |
| Securities available for sale | 6,582,000 | 7,023,000 | 7,381,000 | 7,889,000 |
| Securities held to maturity | 209,000 | 63,000 | 63,000 | 63,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 12,987,000 | 13,105,000 | 13,256,000 | 13,350,000 |
| Interest-bearing deposits | 10,817,000 | 10,958,000 | 11,239,000 | 11,021,000 |
| Noninterest-bearing deposits | 2,170,000 | 2,147,000 | 2,017,000 | 2,329,000 |
| Equity capital | 1,130,000 | 1,013,000 | 1,102,000 | 1,099,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 148,000 | 291,000 | 422,000 | 562,000 |
| Interest expense | 42,000 | 83,000 | 124,000 | 166,000 |
| Net interest income | 106,000 | 208,000 | 298,000 | 396,000 |
| Noninterest income | 29,000 | 50,000 | 73,000 | 94,000 |
| Noninterest expense | 113,000 | 221,000 | 317,000 | 427,000 |
| Provision for loan losses | 0 | 18,000 | 18,000 | 18,000 |
| Pretax income | 22,000 | 12,000 | 29,000 | 38,000 |
| Income tax | 1,000 | -3,000 | -6,000 | -13,000 |
| Net income | 21,000 | 15,000 | 35,000 | 51,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,102,000 | 1,096,000 | 1,116,000 | 1,132,000 |
| Total capital | 1,176,000 | 1,170,000 | 1,188,000 | 1,207,000 |
| Risk-weighted assets | 5,902,000 | 5,859,000 | 5,710,000 | 5,986,000 |