Call reports 2013
GRAND RIVERS COMMUNITY BANK — 2013
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 24,345,000 | 25,336,000 | 26,271,000 | 27,144,000 |
| Total loans | 18,038,000 | 20,288,000 | 20,645,000 | 21,721,000 |
| Allowance for loan losses | 171,000 | 179,000 | 175,000 | 185,000 |
| Securities available for sale | 2,370,000 | 2,264,000 | 2,296,000 | 2,185,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,022,000 | 23,043,000 | 23,884,000 | 24,751,000 |
| Interest-bearing deposits | 19,572,000 | 20,114,000 | 21,514,000 | 22,022,000 |
| Noninterest-bearing deposits | 2,450,000 | 2,929,000 | 2,370,000 | 2,729,000 |
| Equity capital | 2,281,000 | 2,261,000 | 2,329,000 | 2,355,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 283,000 | 583,000 | 892,000 | 1,215,000 |
| Interest expense | 57,000 | 114,000 | 177,000 | 240,000 |
| Net interest income | 226,000 | 469,000 | 715,000 | 975,000 |
| Noninterest income | 40,000 | 83,000 | 141,000 | 183,000 |
| Noninterest expense | 234,000 | 445,000 | 680,000 | 946,000 |
| Provision for loan losses | 16,000 | 25,000 | 42,000 | 47,000 |
| Pretax income | 23,000 | 94,000 | 147,000 | 178,000 |
| Income tax | -8,000 | 11,000 | 23,000 | 23,000 |
| Net income | 31,000 | 83,000 | 124,000 | 155,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,149,000 | 2,218,000 | 2,266,000 | 2,312,000 |
| Total capital | 2,320,000 | 2,397,000 | 2,441,000 | 2,497,000 |
| Risk-weighted assets | 18,383,000 | 20,354,000 | 21,183,000 | 22,092,000 |