Call reports 2007
GRAND RIVERS COMMUNITY BANK — 2007
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 12,852,000 | 12,420,000 | 12,498,000 | 12,406,000 |
| Total loans | 8,634,000 | 8,585,000 | 8,211,000 | 8,063,000 |
| Allowance for loan losses | 85,000 | 81,000 | 81,000 | 82,000 |
| Securities available for sale | 3,353,000 | 2,936,000 | 2,863,000 | 3,483,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,559,000 | 11,129,000 | 11,129,000 | 10,917,000 |
| Interest-bearing deposits | 7,605,000 | 7,219,000 | 8,941,000 | 8,735,000 |
| Noninterest-bearing deposits | 3,954,000 | 3,910,000 | 2,188,000 | 2,182,000 |
| Equity capital | 1,240,000 | 1,240,000 | 1,284,000 | 1,266,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 192,000 | 387,000 | 586,000 | 781,000 |
| Interest expense | 76,000 | 153,000 | 234,000 | 313,000 |
| Net interest income | 116,000 | 234,000 | 352,000 | 468,000 |
| Noninterest income | 23,000 | 38,000 | 57,000 | 75,000 |
| Noninterest expense | 105,000 | 229,000 | 340,000 | 509,000 |
| Provision for loan losses | 2,000 | 4,000 | 6,000 | 7,000 |
| Pretax income | 26,000 | 32,000 | 56,000 | 20,000 |
| Income tax | 0 | 1,000 | 0 | -9,000 |
| Net income | 26,000 | 31,000 | 56,000 | 29,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,266,000 | 1,271,000 | 1,296,000 | 1,263,000 |
| Total capital | 1,352,000 | 1,352,000 | 1,377,000 | 1,345,000 |
| Risk-weighted assets | 7,915,000 | 7,783,000 | 7,562,000 | 7,371,000 |