Call reports 2016
GRAND RIVERS COMMUNITY BANK — 2016
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 75,985,000 | 68,874,000 | 67,403,000 | 64,659,000 |
| Total loans | 60,094,000 | 55,172,000 | 55,007,000 | 51,874,000 |
| Allowance for loan losses | 1,211,000 | 1,212,000 | 3,111,000 | 877,000 |
| Securities available for sale | 2,561,000 | 2,467,000 | 2,465,000 | 2,278,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,286,000 | 62,293,000 | 63,365,000 | 60,840,000 |
| Interest-bearing deposits | 64,572,000 | 57,405,000 | 57,712,000 | 55,496,000 |
| Noninterest-bearing deposits | 4,714,000 | 4,888,000 | 5,653,000 | 5,344,000 |
| Equity capital | 4,667,000 | 4,593,000 | 2,089,000 | 2,062,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 798,000 | 1,530,000 | 2,213,000 | 2,912,000 |
| Interest expense | 261,000 | 514,000 | 758,000 | 985,000 |
| Net interest income | 537,000 | 1,016,000 | 1,455,000 | 1,927,000 |
| Noninterest income | 23,000 | 61,000 | 88,000 | 281,000 |
| Noninterest expense | 494,000 | 1,091,000 | 1,635,000 | 2,316,000 |
| Provision for loan losses | 0 | 0 | 1,926,000 | 1,926,000 |
| Pretax income | 66,000 | -14,000 | -2,018,000 | -2,034,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 66,000 | -14,000 | -2,018,000 | -2,034,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,426,000 | 4,346,000 | 1,843,000 | 1,826,000 |
| Total capital | 5,138,000 | 5,034,000 | 2,527,000 | 2,456,000 |
| Risk-weighted assets | 56,288,000 | 54,350,000 | 52,092,000 | 49,960,000 |