Grand River Bank in Grandville, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Grand River Bank in Grandville, Michigan (MI)
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Grand River Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    0468282Grand River Bank4471 Wilson Avenue, Grandville, MI 49418April 30, 2009Full Service Brick and Mortar

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