Call reports 2014
GRAND RIVERS COMMUNITY BANK — 2014
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 28,511,000 | 28,794,000 | 30,626,000 | 39,284,000 |
| Total loans | 22,566,000 | 23,520,000 | 23,863,000 | 31,307,000 |
| Allowance for loan losses | 197,000 | 200,000 | 214,000 | 251,000 |
| Securities available for sale | 2,210,000 | 1,410,000 | 847,000 | 720,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,030,000 | 26,273,000 | 28,022,000 | 36,522,000 |
| Interest-bearing deposits | 22,975,000 | 23,560,000 | 25,264,000 | 33,385,000 |
| Noninterest-bearing deposits | 3,055,000 | 2,713,000 | 2,758,000 | 3,137,000 |
| Equity capital | 2,434,000 | 2,486,000 | 2,540,000 | 2,727,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 341,000 | 706,000 | 1,006,000 | 1,383,000 |
| Interest expense | 65,000 | 135,000 | 208,000 | 294,000 |
| Net interest income | 276,000 | 571,000 | 798,000 | 1,089,000 |
| Noninterest income | 40,000 | 58,000 | 165,000 | 260,000 |
| Noninterest expense | 225,000 | 457,000 | 700,000 | 953,000 |
| Provision for loan losses | 11,000 | 14,000 | 29,000 | 64,000 |
| Pretax income | 80,000 | 146,000 | 208,000 | 306,000 |
| Income tax | 19,000 | 43,000 | 64,000 | 62,000 |
| Net income | 61,000 | 103,000 | 144,000 | 244,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,387,000 | 2,434,000 | 2,488,000 | 2,663,000 |
| Total capital | 2,584,000 | 2,634,000 | 2,702,000 | 2,914,000 |
| Risk-weighted assets | 23,808,000 | 24,650,000 | 23,625,000 | 29,926,000 |