FDIC Certificate #: 58789 Status: Active Federal Reserve ID: 3812147 Bank Holding Company (Regulatory Top Holder): Grand River Commerce, Inc. (RSSDID: 3916326, Location: Grandville, MI) Date Established: April 30, 2009 WWW:http://www.grandriverbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 468282 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 30, 2009 Last Structure Change Effective Date: April 30, 2009 Last Structure Change Process Date: August 13, 2009 Last Data Update: August 13, 2009 Data Source Date: April 05, 2012
Location
Address: 4471 Wilson Avenue, Grandville, MI 49418 County: Kent Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Grand Rapids Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000) Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266) Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340) CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
History of Changes
New Institution
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $79.6 mil Equity capital: $9.9 mil Deposits held in domestic offices: $69.4 mil Return on assets (ROA): -0.89% (-$0.7 mil) Quarterly return on assets: -0.94% (-$0.8 mil) Return on Equity (ROE): -5.66% (-$0.6 mil) Quarterly return on equity: -7.08% (-$0.7 mil) Net income: -$0.6 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -0.89% (-$708.2 mil) Quarterly Pretax return on assets: -0.94% (-$748.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
20Total employees (full-time equivalent)
$79,572Total assets
$6,029Cash and due from depository institutions
$5,920Interest-bearing balances
$4,664Securities
$841Federal funds sold & reverse repurchase agreements
$67,437Net loans & leases
$769Loan loss allowance
$0Trading account assets
$211Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$79,572Life insurance assets
$390All other assets
$69,669Total liabilities and capital
$69,416Total liabilities
$59,488Total deposits
$69,416Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$253Subordinated debt
$9,903All other liabilities
$9,903Total equity capital
$9,903Total bank equity capital
$0Perpetual preferred stock
$15Common stock
$12,834Surplus
$-2,946Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$689Income earned, not collected on loans
$0Earning assets
$198Long-term assets (5+ years)
$78,862Average Assets, year-to-date
$15,098Average Assets, quarterly
$65,107Volatile liabilities
$75,574Insider loans
$66,355FHLB advances
$74,929Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,854Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,892Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,872Total interest income
$716Total interest expense
$2,156Net interest income
$311Provision for loan and lease losses
$98Total noninterest income
$0Fiduciary activities
$12Service charges on deposit accounts
$0Trading account gains & fees
$86Additional noninterest income
$2,520Total noninterest expense
$1,578Salaries and employee benefits
$164Premises and equipment expense
$778Additional noninterest expense
-$577Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$577Income before extraordinary items
$0Extraordinary gains - net
-$577Net income attributable to bank
$0Net charge-offs
-$577Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.45%Yield on earning assets
1.11%Cost of funding earning assets
3.34%Net interest margin
0.15%Noninterest income to earning assets
3.91%Noninterest expense to earning assets
-0.89%Net operating income to assets
-0.89%Return on assets (ROA)
-0.89%Pretax return on assets
-5.66%Return on equity (ROE)
-5.66%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
111,801Assets per employee
3.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
111.61%Noncurrent assets plus other real estate owned to assets
0.87%Noncurrent loans to loans
1.01%Net loans and leases to deposits
97.15%Net loans and leases to core deposits
109.83%Equity capital to assets
12.45%Core capital (leverage) ratio
13.15%Tier 1 risk-based capital ratio
14.85%Total risk-based capital ratio
Memoranda
$16Average assets
$65,107Average earning assets
$10,194Average equity
$64,502Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
468282
Grand River Bank
4471 Wilson Avenue, Grandville, MI 49418
April 30, 2009
Full Service Brick and Mortar
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