Call reports 2011
GRAND RIVERS COMMUNITY BANK — 2011
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 16,656,000 | 17,518,000 | 17,655,000 | 17,714,000 |
| Total loans | 12,717,000 | 13,188,000 | 13,079,000 | 13,809,000 |
| Allowance for loan losses | 264,000 | 303,000 | 164,000 | 150,000 |
| Securities available for sale | 476,000 | 478,000 | 600,000 | 687,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,287,000 | 16,148,000 | 16,179,000 | 16,206,000 |
| Interest-bearing deposits | 13,028,000 | 13,965,000 | 13,992,000 | 13,952,000 |
| Noninterest-bearing deposits | 2,259,000 | 2,183,000 | 2,187,000 | 2,254,000 |
| Equity capital | 1,331,000 | 1,339,000 | 1,435,000 | 1,470,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 236,000 | 485,000 | 737,000 | 1,008,000 |
| Interest expense | 50,000 | 99,000 | 149,000 | 196,000 |
| Net interest income | 186,000 | 386,000 | 588,000 | 812,000 |
| Noninterest income | 47,000 | 63,000 | 83,000 | 104,000 |
| Noninterest expense | 193,000 | 408,000 | 645,000 | 859,000 |
| Provision for loan losses | 106,000 | 106,000 | 106,000 | 106,000 |
| Pretax income | -66,000 | -65,000 | -80,000 | -49,000 |
| Income tax | -26,000 | -33,000 | -43,000 | -42,000 |
| Net income | -40,000 | -32,000 | -37,000 | -7,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,173,000 | 1,179,000 | 1,269,000 | 1,291,000 |
| Total capital | 1,320,000 | 1,333,000 | 1,420,000 | 1,441,000 |
| Risk-weighted assets | 11,677,000 | 12,181,000 | 12,062,000 | 12,704,000 |