Call reports 2015
GRAND RIVERS COMMUNITY BANK — 2015
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 51,841,000 | 60,915,000 | 75,152,000 | 77,054,000 |
| Total loans | 42,289,000 | 48,263,000 | 60,094,000 | 62,901,000 |
| Allowance for loan losses | 259,000 | 511,000 | 517,000 | 1,209,000 |
| Securities available for sale | 777,000 | 776,000 | 2,679,000 | 2,561,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,448,000 | 55,497,000 | 68,476,000 | 70,345,000 |
| Interest-bearing deposits | 42,325,000 | 49,691,000 | 61,147,000 | 65,347,000 |
| Noninterest-bearing deposits | 4,123,000 | 5,806,000 | 7,329,000 | 4,998,000 |
| Equity capital | 5,298,000 | 5,342,000 | 5,454,000 | 4,718,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 449,000 | 1,084,000 | 1,828,000 | 2,644,000 |
| Interest expense | 121,000 | 275,000 | 464,000 | 711,000 |
| Net interest income | 328,000 | 809,000 | 1,364,000 | 1,933,000 |
| Noninterest income | 48,000 | 58,000 | 84,000 | 116,000 |
| Noninterest expense | 289,000 | 724,000 | 1,217,000 | 2,235,000 |
| Provision for loan losses | 3,000 | 313,000 | 313,000 | 1,063,000 |
| Pretax income | 84,000 | -170,000 | -82,000 | -1,249,000 |
| Income tax | 17,000 | 22,000 | 0 | -103,000 |
| Net income | 67,000 | -192,000 | -82,000 | -1,146,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,171,000 | 5,351,000 | 5,321,000 | 4,478,000 |
| Total capital | 5,430,000 | 5,862,000 | 5,838,000 | 5,223,000 |
| Risk-weighted assets | 39,405,000 | 50,275,000 | 56,585,000 | 58,939,000 |