Call reports 2009
GRAND RIVERS COMMUNITY BANK — 2009
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 14,610,000 | 13,940,000 | 13,835,000 | 14,243,000 |
| Total loans | 11,597,000 | 11,299,000 | 11,504,000 | 11,066,000 |
| Allowance for loan losses | 129,000 | 130,000 | 193,000 | 195,000 |
| Securities available for sale | 1,028,000 | 1,019,000 | 1,013,000 | 1,017,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 13,165,000 | 12,453,000 | 11,954,000 | 12,872,000 |
| Interest-bearing deposits | 10,735,000 | 10,108,000 | 9,695,000 | 10,489,000 |
| Noninterest-bearing deposits | 2,430,000 | 2,345,000 | 2,259,000 | 2,383,000 |
| Equity capital | 1,387,000 | 1,423,000 | 1,371,000 | 1,309,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 249,000 | 493,000 | 728,000 | 954,000 |
| Interest expense | 81,000 | 138,000 | 190,000 | 244,000 |
| Net interest income | 168,000 | 355,000 | 538,000 | 710,000 |
| Noninterest income | 88,000 | 182,000 | 216,000 | 258,000 |
| Noninterest expense | 204,000 | 441,000 | 610,000 | 794,000 |
| Provision for loan losses | -192,000 | -191,000 | -104,000 | 27,000 |
| Pretax income | 234,000 | 277,000 | 238,000 | 137,000 |
| Income tax | 8,000 | 16,000 | 26,000 | -17,000 |
| Net income | 226,000 | 261,000 | 212,000 | 154,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,376,000 | 1,412,000 | 1,362,000 | 1,304,000 |
| Total capital | 1,499,000 | 1,532,000 | 1,484,000 | 1,424,000 |
| Risk-weighted assets | 9,856,000 | 9,646,000 | 9,722,000 | 9,555,000 |