Call reports 2023
GRAND RIVERS COMMUNITY BANK — 2023
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 20,817,000 | 20,157,000 | 28,660,000 | 25,145,000 |
| Total loans | 13,666,000 | 14,492,000 | 14,202,000 | 14,784,000 |
| Allowance for loan losses | 395,000 | 395,000 | 395,000 | 395,000 |
| Securities available for sale | 1,609,000 | 1,804,000 | 1,709,000 | 1,501,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,214,000 | 17,614,000 | 26,160,000 | 22,605,000 |
| Interest-bearing deposits | 8,323,000 | 10,824,000 | 22,732,000 | 19,325,000 |
| Noninterest-bearing deposits | 9,891,000 | 6,790,000 | 3,428,000 | 3,280,000 |
| Equity capital | 2,128,000 | 2,081,000 | 2,044,000 | 2,106,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 258,000 | 528,000 | 870,000 | 1,222,000 |
| Interest expense | 29,000 | 79,000 | 166,000 | 259,000 |
| Net interest income | 229,000 | 449,000 | 704,000 | 963,000 |
| Noninterest income | 60,000 | 112,000 | 143,000 | 190,000 |
| Noninterest expense | 335,000 | 653,000 | 975,000 | 1,312,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -46,000 | -92,000 | -128,000 | -159,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -46,000 | -92,000 | -128,000 | -159,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,142,000 | 2,096,000 | 2,060,000 | 2,118,000 |
| Total capital | 2,342,000 | 2,303,000 | 2,263,000 | 2,326,000 |
| Risk-weighted assets | 15,822,000 | 16,363,000 | 16,017,000 | 16,479,000 |