Call reports 2008
GRAND RIVERS COMMUNITY BANK — 2008
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 12,805,000 | 15,617,000 | 15,825,000 | 15,279,000 |
| Total loans | 9,053,000 | 9,055,000 | 11,729,000 | 11,580,000 |
| Allowance for loan losses | 73,000 | 70,000 | 70,000 | 321,000 |
| Securities available for sale | 2,176,000 | 1,845,000 | 1,102,000 | 1,033,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,429,000 | 14,348,000 | 14,256,000 | 13,870,000 |
| Interest-bearing deposits | 9,130,000 | 12,154,000 | 11,678,000 | 11,557,000 |
| Noninterest-bearing deposits | 2,299,000 | 2,194,000 | 2,578,000 | 2,313,000 |
| Equity capital | 1,205,000 | 1,082,000 | 1,431,000 | 1,160,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 229,000 | 485,000 | 819,000 | 975,000 |
| Interest expense | 73,000 | 164,000 | 252,000 | 342,000 |
| Net interest income | 156,000 | 321,000 | 567,000 | 633,000 |
| Noninterest income | 35,000 | 73,000 | 113,000 | 288,000 |
| Noninterest expense | 131,000 | 314,000 | 519,000 | 790,000 |
| Provision for loan losses | -10,000 | -13,000 | -13,000 | 289,000 |
| Pretax income | 70,000 | 93,000 | 168,000 | -164,000 |
| Income tax | 11,000 | 15,000 | 3,000 | -43,000 |
| Net income | 59,000 | 78,000 | 165,000 | -121,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,192,000 | 1,085,000 | 1,434,000 | 1,149,000 |
| Total capital | 1,265,000 | 1,155,000 | 1,504,000 | 1,274,000 |
| Risk-weighted assets | 8,176,000 | 8,436,000 | 10,185,000 | 9,830,000 |