Call reports 2020
GRAND RIVERS COMMUNITY BANK — 2020
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 28,175,000 | 28,453,000 | 25,591,000 | 21,744,000 |
| Total loans | 16,357,000 | 15,158,000 | 14,981,000 | 14,446,000 |
| Allowance for loan losses | 489,000 | 397,000 | 404,000 | 407,000 |
| Securities available for sale | 1,169,000 | 1,174,000 | 1,173,000 | 966,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,217,000 | 26,284,000 | 23,640,000 | 19,946,000 |
| Interest-bearing deposits | 20,089,000 | 20,316,000 | 16,725,000 | 13,339,000 |
| Noninterest-bearing deposits | 5,128,000 | 5,968,000 | 6,915,000 | 6,607,000 |
| Equity capital | 1,782,000 | 989,000 | 817,000 | 701,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 297,000 | 595,000 | 826,000 | 1,064,000 |
| Interest expense | 91,000 | 172,000 | 243,000 | 271,000 |
| Net interest income | 206,000 | 423,000 | 583,000 | 793,000 |
| Noninterest income | 48,000 | 110,000 | 140,000 | 186,000 |
| Noninterest expense | 410,000 | 801,000 | 1,162,000 | 1,533,000 |
| Provision for loan losses | 0 | 75,000 | 75,000 | 75,000 |
| Pretax income | -156,000 | -343,000 | -514,000 | -629,000 |
| Income tax | 0 | 610,000 | 610,000 | 610,000 |
| Net income | -156,000 | -953,000 | -1,124,000 | -1,239,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,171,000 | 984,000 | 812,000 | 697,000 |
| Total capital | 1,394,000 | 1,191,000 | 1,020,000 | 897,000 |
| Risk-weighted assets | 17,642,000 | 16,410,000 | 16,453,000 | 15,854,000 |