Call reports 2017
GRAND RIVERS COMMUNITY BANK — 2017
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 58,295,000 | 49,447,000 | 49,106,000 | 46,016,000 |
| Total loans | 45,611,000 | 37,031,000 | 36,656,000 | 35,921,000 |
| Allowance for loan losses | 1,252,000 | 1,254,000 | 816,000 | 943,000 |
| Securities available for sale | 2,257,000 | 2,263,000 | 2,261,000 | 1,943,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,613,000 | 46,331,000 | 43,038,000 | 41,109,000 |
| Interest-bearing deposits | 49,241,000 | 43,703,000 | 38,390,000 | 35,525,000 |
| Noninterest-bearing deposits | 5,372,000 | 2,628,000 | 4,648,000 | 5,584,000 |
| Equity capital | 1,962,000 | 1,423,000 | 4,417,000 | 3,543,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 624,000 | 1,172,000 | 1,665,000 | 2,171,000 |
| Interest expense | 213,000 | 408,000 | 586,000 | 756,000 |
| Net interest income | 411,000 | 764,000 | 1,079,000 | 1,415,000 |
| Noninterest income | 49,000 | 96,000 | 3,833,000 | 3,859,000 |
| Noninterest expense | 961,000 | 1,904,000 | 2,592,000 | 3,429,000 |
| Provision for loan losses | 590,000 | 590,000 | 590,000 | 740,000 |
| Pretax income | -1,091,000 | -1,634,000 | 1,730,000 | 1,105,000 |
| Income tax | -993,000 | -993,000 | -623,000 | -368,000 |
| Net income | -98,000 | -641,000 | 2,353,000 | 1,473,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 736,000 | 439,000 | 3,556,000 | 2,932,000 |
| Total capital | 1,299,000 | 896,000 | 4,018,000 | 3,381,000 |
| Risk-weighted assets | 44,162,000 | 35,840,000 | 36,467,000 | 35,351,000 |