Call reports 2024
GRAND RIVERS COMMUNITY BANK — 2024
What GRAND RIVERS COMMUNITY BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 24,515,000 | 21,070,000 | 20,090,000 | 18,427,000 |
| Total loans | 14,830,000 | 14,897,000 | 14,872,000 | 13,407,000 |
| Allowance for loan losses | 395,000 | 605,000 | 605,000 | 605,000 |
| Securities available for sale | 1,492,000 | 1,447,000 | 1,444,000 | 1,221,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,027,000 | 18,823,000 | 17,907,000 | 16,288,000 |
| Interest-bearing deposits | 18,347,000 | 15,172,000 | 14,459,000 | 12,598,000 |
| Noninterest-bearing deposits | 3,680,000 | 3,651,000 | 3,448,000 | 3,690,000 |
| Equity capital | 2,065,000 | 1,823,000 | 1,790,000 | 1,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 362,000 | 701,000 | 1,031,000 | 1,333,000 |
| Interest expense | 112,000 | 199,000 | 281,000 | 346,000 |
| Net interest income | 250,000 | 502,000 | 750,000 | 987,000 |
| Noninterest income | 30,000 | 70,000 | 108,000 | 139,000 |
| Noninterest expense | 320,000 | 645,000 | 969,000 | 1,270,000 |
| Provision for loan losses | 0 | 210,000 | 210,000 | 210,000 |
| Pretax income | -40,000 | -283,000 | -321,000 | -354,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -40,000 | -283,000 | -321,000 | -354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,078,000 | 1,835,000 | 1,797,000 | 1,764,000 |
| Total capital | 2,287,000 | 2,049,000 | 2,015,000 | 1,957,000 |
| Risk-weighted assets | 16,536,000 | 16,743,000 | 17,017,000 | 15,052,000 |