Resultaträkning Grand River Commerce, Inc.

Aktier

GNRV

US3864411091

Banker

Marknaden stängd - OTC Markets 16.12.24 2026-09-08			5-dagars förändring	Förändring 1 jan.
5,250 ^USD	−1,87 %		+0,96 %	+37,80 %

08-04	Grand River Commerce rapporterar resultat för första halvåret 2026	CI
04-30	Grand River Commerce, Inc. redovisar resultat för det första kvartalet som avslutades den 31 mars 2026	CI

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Publicerade finansiella data: GRAND RIVER COMMERCE, INC.

Årlig

Kvartalsvis

Halvårsvis

YTD

LTM

Skatteperiod: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Interest Income On Loans	15,68 mn	17,6 mn	24,05 mn	26,67 mn	24,79 mn
Interest Income On Investments	408 tn	1,47 mn	1,69 mn	1,74 mn	2,07 mn
Interest Income, Total	16,08 mn	19,07 mn	25,74 mn	28,42 mn	26,85 mn
Interest On Deposits	1,91 mn	3,45 mn	11,57 mn	13,75 mn	11,84 mn
Total Interest On Borrowings	620 tn	633 tn	1,84 mn	2,45 mn	2,42 mn
Interest Expense, Total	2,53 mn	4,08 mn	13,41 mn	16,2 mn	14,26 mn
Net Interest Income	13,56 mn	14,99 mn	12,33 mn	12,22 mn	12,59 mn
Gain (Loss) on Sale of Loans	2,91 mn	696 tn	546 tn	552 tn	297 tn
Total Other Non Interest Income	267 tn	438 tn	331 tn	429 tn	330 tn
Non Interest Income, Total	3,18 mn	1,13 mn	877 tn	981 tn	627 tn
Revenues Before Provison For Loan Losses	16,74 mn	16,12 mn	13,2 mn	13,2 mn	13,22 mn
Provision For Loan Losses	160 tn	1,06 mn	−49 tn	−377 tn	−273 tn
Total Revenues	16,58 mn	15,06 mn	13,25 mn	13,58 mn	13,49 mn
Salaries And Other Employee Benefits	8,42 mn	11,55 mn	9,88 mn	9,13 mn	8,08 mn
Stock-Based Compensation (IS)	-	-	-	-	-
Occupancy Expense	401 tn	748 tn	620 tn	586 tn	555 tn
Federal Deposit Insurance	355 tn	416 tn	604 tn	648 tn	654 tn
Selling General & Admin Expenses, Total	1,98 mn	3,13 mn	2,42 mn	2,8 mn	2,46 mn
Total Other Non Interest Expense	1,18 mn	2,02 mn	1,23 mn	964 tn	922 tn
Non Interest Expense, Total	12,33 mn	17,87 mn	14,75 mn	14,13 mn	12,67 mn
EBT, Excl. Unusual Items	4,24 mn	−2,81 mn	−1,5 mn	−551 tn	818 tn
EBT, Incl. Unusual Items	4,24 mn	−2,81 mn	−1,5 mn	−551 tn	818 tn
Income Tax Expense	926 tn	−633 tn	−287 tn	−113 tn	173 tn
Earnings From Continuing Operations	3,32 mn	−2,17 mn	−1,21 mn	−438 tn	645 tn
Earnings Of Discontinued Operations	-	-	−6,09 mn	−85 tn	−9 tn
Net Income to Company	3,32 mn	−2,17 mn	−7,3 mn	−523 tn	636 tn
Net Income - (IS)	3,32 mn	−2,17 mn	−7,3 mn	−523 tn	636 tn
Net Income to Common Incl Extra Items	3,32 mn	−2,17 mn	−7,3 mn	−523 tn	636 tn
Net Income to Common Excl. Extra Items	3,32 mn	−2,17 mn	−1,21 mn	−438 tn	645 tn
Poster per aktie
Net EPS - Basic	0,49	−0,31	−1,04	−0,07	0,09
Basic EPS - Continuing Operations	0,49	−0,31	−0,17	−0,06	0,09
Basic Weighted Average Shares Outstanding	6,75 mn	6,96 mn	7,04 mn	7,04 mn	7,04 mn
Net EPS - Diluted	0,47	−0,31	−1,04	−0,07	0,09
Diluted EPS - Continuing Operations	0,47	−0,31	−0,17	−0,06	0,09
Diluted Weighted Average Shares Outstanding	7,07 mn	7,02 mn	7,04 mn	7,47 mn	7,04 mn
Normalized Basic EPS	0,39	−0,25	−0,13	−0,05	0,07
Normalized Diluted EPS	0,37	−0,25	−0,13	−0,05	0,07
Kompletterande punkter
Effective Tax Rate - (Ratio)	21,82	22,55	19,13	20,51	21,15
Current Domestic Taxes	674 tn	-	-	−6 tn	79 tn
Total Current Taxes	674 tn	-	-	−6 tn	79 tn
Deferred Domestic Taxes	252 tn	−633 tn	−287 tn	−107 tn	94 tn
Total Deferred Taxes	252 tn	−633 tn	−287 tn	−107 tn	94 tn
Normalized Net Income	2,65 mn	−1,75 mn	−938 tn	−344 tn	511 tn
Kompletterande driftskostnadsposter
Stock-Based Comp., SG&A Exp. (Total)	114 tn	378 tn	−164 tn	35 tn	1 tn
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	114 tn	378 tn	−164 tn	35 tn	1 tn

Skatteperiod: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
TILLGÅNGAR
Cash And Equivalents	84,32 mn	48,38 mn	21,98 mn	23,51 mn	46,62 mn
Investment Securities, Total	5,87 mn	5,99 mn	5,66 mn	5,3 mn	6,9 mn
Mortgage Backed Securities	12,23 mn	9,05 mn	8,22 mn	7,13 mn	9,95 mn
Total investments	18,1 mn	15,04 mn	13,88 mn	12,43 mn	16,84 mn
Gross Loans	382 mn	461 mn	501 mn	480 mn	446 mn
Allowance For Loan Losses	−4,87 mn	−5,93 mn	−5,41 mn	−5,14 mn	−5 mn
Net Loans	377 mn	455 mn	495 mn	475 mn	441 mn
Gross Property Plant And Equipment	4,12 mn	7,09 mn	6,42 mn	5,82 mn	5,29 mn
Accumulated Depreciation	−1,79 mn	−2,32 mn	−2,62 mn	−2,76 mn	−2,91 mn
Net Property Plant And Equipment	2,34 mn	4,77 mn	3,81 mn	3,05 mn	2,38 mn
Investment in FHLB	473 tn	652 tn	1,84 mn	2,25 mn	2,66 mn
Loans Held For Sale	1,01 mn	433 tn	1,26 mn	497 tn	734 tn
Accrued Interest Receivable	875 tn	1,27 mn	1,55 mn	1,49 mn	1,52 mn
Other Current Assets, Total	-	-	3,35 mn	17 tn	5 tn
Deferred Tax Assets Long-Term (Collected)	1 mn	2,19 mn	4,05 mn	4,18 mn	3,9 mn
Other Long-Term Assets, Total	3,99 mn	2,15 mn	2,23 mn	2,26 mn	2,14 mn
Total Assets	489 mn	530 mn	549 mn	525 mn	517 mn
Skulder
Interest Bearing Deposits	270 mn	293 mn	323 mn	310 mn	324 mn
Institutional Deposits	50 mn	44,74 mn	39,56 mn	35,72 mn	32,72 mn
Non-Interest Bearing Deposits	108 mn	124 mn	96 mn	89,83 mn	88,03 mn
Total Deposits	428 mn	462 mn	458 mn	435 mn	445 mn
Short-Term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	17 mn	18 mn	10 mn
Current Portion of Leases	-	330 tn	464 tn	443 tn	278 tn
Long-Term Debt	8,02 mn	8,04 mn	15,37 mn	15,52 mn	15,68 mn
Federal Home Loan Bank Debt - Long-Term	4,5 mn	14,5 mn	17,5 mn	17,5 mn	7,5 mn
Long-Term Leases	-	2,12 mn	1,72 mn	1,31 mn	1,06 mn
Accrued Interest Payable	59 tn	259 tn	953 tn	691 tn	725 tn
Other Current Liabilities - (Bank / Utility Template)	-	-	977 tn	339 tn	339 tn
Other Non Current Liabilities	3,58 mn	485 tn	1,2 mn	577 tn	768 tn
Total Liabilities	444 mn	487 mn	513 mn	490 mn	481 mn
Common Stock, Total	68 tn	70 tn	70 tn	70 tn	70 tn
Additional Paid In Capital	39,49 mn	41,16 mn	40,99 mn	40,99 mn	40,99 mn
Retained Earnings	6 mn	3,82 mn	−3,48 mn	−4 mn	−3,36 mn
Comprehensive Income and Other	−119 tn	−2,21 mn	−1,96 mn	−2,06 mn	−1,37 mn
Total Common Equity	45,44 mn	42,84 mn	35,63 mn	35 mn	36,32 mn
Total Equity	45,44 mn	42,84 mn	35,63 mn	35 mn	36,32 mn
Total Liabilities And Equity	489 mn	530 mn	549 mn	525 mn	517 mn
Kompletterande poster
ECS Total Shares Outstanding on Filing Date	6,73 mn	7,03 mn	7,04 mn	7,04 mn	7,04 mn
ECS Total Common Shares Outstanding	6,73 mn	7,03 mn	7,04 mn	7,04 mn	7,04 mn
Book Value / Share	6,75	6,1	5,06	4,97	5,16
Tangible Book Value	45,44 mn	42,84 mn	35,63 mn	35 mn	36,32 mn
Tangible Book Value Per Share	6,75	6,1	5,06	4,97	5,16
Total Debt	12,52 mn	24,99 mn	52,05 mn	52,78 mn	34,52 mn
Federal Funds Sold	737 tn	648 tn	-	-	-
Net Debt	−71,8 mn	−23,39 mn	30,06 mn	29,27 mn	−12,1 mn

Skatteperiod: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	3,32 mn	−2,17 mn	−7,3 mn	−523 tn	636 tn
Depreciation, Depletion & Amortization	270 tn	529 tn	473 tn	832 tn	766 tn
Total Depreciation, Depletion & Amortization	270 tn	529 tn	473 tn	832 tn	766 tn
Amortization of Deferred Charges, Total	-	26 tn	70 tn	159 tn	158 tn
Gain (Loss) on Sale of Loans & Receivables - (CF)	−2,91 mn	−696 tn	−3,08 mn	−605 tn	−297 tn
(Gain) Loss on Sale of Investments - (CF)	42 tn	40 tn	38 tn	40 tn	32 tn
Provision for Credit Losses	160 tn	1,06 mn	−49 tn	−377 tn	−273 tn
Stock-Based Compensation (CF)	114 tn	378 tn	−164 tn	35 tn	1 tn
Net (Increase) Decrease in Loans Originated / Sold - Operating	9,29 mn	1,28 mn	−913 tn	4,53 mn	60 tn
Changes in Accrued Interest Receivable	−2,23 mn	−742 tn	−426 tn	68 tn	60 tn
Changes in Accrued Interest Payable	2,25 mn	−448 tn	1,28 mn	−2,16 mn	−465 tn
Change In Deferred Taxes	173 tn	−633 tn	-	-	-
Change in Other Net Operating Assets (Collected)	-	-	450 tn	426 tn	416 tn
Other Operating Activities	-	-	−1,51 mn	−107 tn	94 tn
Net Cash From Discontinued Operations	-	-	257 tn	18 tn	-
Cash from Operations	10,47 mn	−1,38 mn	−10,88 mn	2,34 mn	1,19 mn
Capital Expenditure	−1,46 mn	−666 tn	−3 tn	−28 tn	−79 tn
Sale of Property, Plant, and Equipment	-	-	-	-	4 tn
Investment in Marketable and Equity Securities, Total	−11,04 mn	378 tn	1,44 mn	1,28 mn	−3,58 mn
Net (Increase) Decrease in Loans Originated / Sold - Investing	−19 mn	−79,08 mn	−39,36 mn	20,54 mn	34,3 mn
Other Investing Activities, Total	-	−300 tn	−1,37 mn	−500 tn	−412 tn
Cash from Investing	−31,5 mn	−79,67 mn	−39,3 mn	21,29 mn	30,23 mn
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	10 mn	37,25 mn	18 mn	102 mn
Total Debt Issued	-	10 mn	37,25 mn	18 mn	102 mn
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	−12,83 mn	-	−10 mn	−17 mn	−120 mn
Total Debt Repaid	−12,83 mn	-	−10 mn	−17 mn	−120 mn
Issuance of Common Stock	57 tn	1,29 mn	-	-	-
Net Increase (Decrease) in Deposit Accounts - (CF)	45 mn	33,82 mn	−3,36 mn	−23,19 mn	9,68 mn
Cash from Financing	32,22 mn	45,11 mn	23,89 mn	−22,19 mn	−8,32 mn
Net Change in Cash	11,19 mn	−35,94 mn	−26,29 mn	1,43 mn	23,1 mn
Kompletterande poster
Cash Interest Paid	2,58 mn	3,88 mn	12,72 mn	16,46 mn	14,23 mn
Net Debt Issued / Repaid	−12,83 mn	10 mn	27,25 mn	1 mn	−18 mn

Skatteperiod: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Lönsamhet
Return on Assets	0,7	−0,43	−0,22	−0,08	0,12
Return On Equity %	7,57	−4,93	−3,09	−1,24	1,81
Return on Common Equity	7,57	−4,93	−3,09	−1,24	1,81
Shareholders Value Added	−1,94 mn	−7,47 mn	−12,01 mn	−4,76 mn	−3,64 mn
Marginalanalys
SG&A Margin	65,17	102,45	97,49	92,19	82,25
Net Interest Income / Total Revenues %	81,77	99,52	93,01	90	93,33
EBT Excl. Non-Recurring Items Margin %	25,6	−18,64	−11,32	−4,06	6,06
Income From Continuing Operations Margin %	20,01	−14,43	−9,15	−3,23	4,78
Net Income Margin %	20,01	−14,43	−55,08	−3,85	4,71
Net Avail. For Common Margin %	20,01	−14,43	−9,15	−3,23	4,78
Normalized Net Income Margin	16	−11,65	−7,07	−2,54	3,79
Tillgångskvalitet
Nonperforming Loans / Total Loans %	-	-	0,09	0,1	0,2
Nonperforming Loans / Total Assets %	-	-	0,09	0,09	0,18
Nonperforming Assets / Total Assets %	-	-	0,09	0,09	0,18
NPAs / Loans and OREO	-	-	0,09	0,1	0,2
NPAs / Equity	-	-	1,31	1,31	2,51
Allowance for Credit Losses / Net Charge-offs %	-	-	4,71 tn	11,68 tn	55,58 tn
Allowance for Credit Losses / Nonperforming Loans %	-	-	1,16 tn	1,12 tn	547,86
Allowance for Credit Losses / Total Loans %	1,27	1,28	1,08	1,07	1,12
Provision for Loan Losses / Net Charge-offs %	-	-	−42,61	−856,82	−3,03 tn
Kapital och Finansiering
Total Average Common Equity / Total Average Assets %	9,31	8,66	7,27	6,58	6,84
Total Average Equity / Total Average Assets %	9,31	8,66	7,27	6,58	6,84
Total Equity + Allowance for Loan Losses / Total Loans %	13,16	10,57	8,2	8,36	9,27
Gross Loans / Total Deposits %	89,33	99,92	109,22	110,31	100,19
Net Loans / Total Deposits %	88,19	98,63	108,04	109,12	99,07
Tier 1 Capital Ratio %	11,14	9,84	9,35	10,9	11,98
Total Capital Ratio %	12,36	11,08	10,55	12,09	13,21
Core Tier 1 Capital Ratio	11,14	9,84	9,35	10,9	11,98
Coverage Ratio	374,31	494	338,25	342,67	185,26
Leverage Ratio %	8,87	8,86	8,15	9,19	9,43
Täckning av fasta kostnader
EBT + Interest on Borrowings / Interest on Borrowings	7,84	−3,43	0,19	0,77	1,34
EBT + Interest Expense / Interest Expense	2,68	0,31	0,89	0,97	1,06
Tillväxt jämfört med föregående år
Net Interest Income, 1 Yr. Growth %	20,75	10,59	−17,73	−0,88	3,02
Non Interest Income, 1 Yr. Growth %	−26,26	−64,35	−5,09	11,86	−36,09
Provision For Loan Losses, 1 Yr. Growth %	−89,55	563,75	−104,61	669,39	−27,59
Total Revenues, 1 Yr. Growth %	18,32	−9,13	−10,72	2,44	−0,66
Earnings From Cont. Operations, 1 Yr. Growth %	9,44	−165,54	−185,85	−63,89	−247,26
Net Income, 1 Yr. Growth %	9,44	−165,54	235,79	−92,84	−221,61
Normalized Net Income, 1 Yr. Growth %	9,55	−166,16	−186,46	−63,27	−248,46
Diluted EPS Before Extra, 1 Yr. Growth %	9,3	−166,44	−186,17	−63,9	−247,27
Gross Loans, 1 Yr. Growth %	5,23	20,69	8,51	−4,11	−7,15
Allowance For Loan Losses, 1 Yr. Growth %	3,4	21,82	−8,7	−5,03	−2,68
Net Loans, 1 Yr. Growth %	5,26	20,68	8,73	−4,1	−7,2
Non Performing Loans, 1 Yr. Growth %	-	-	-	−1,71	98,48
Non Performing Assets, 1 Yr. Growth %	-	-	-	−1,71	98,48
Total Assets, 1 Yr. Growth %	8,31	8,34	3,55	−4,47	−1,34
Total Deposits, 1 Yr Growth %	11,75	7,9	−0,74	−5,05	2,22
Tangible Book Value, 1 Yr. Growth %	7,56	−5,72	−16,83	−1,76	3,77
Common Equity, 1 Yr. Growth %	7,56	−5,72	−16,83	−1,76	3,77
Total Equity, 1 Yr. Growth %	7,56	−5,72	−16,83	−1,76	3,77
Tvåårig Sammansatt Årlig Tillväxthastighet
Net Interest Income, 2 Yr. CAGR %	23,49	15,55	−4,63	−9,69	1,05
Non Interest Income, 2 Yr. CAGR %	33,34	−48,73	−47,49	3,04	−15,45
Provision For Loan Losses, 2 Yr. CAGR %	−45,36	−16,71	−44,66	−40,42	136,04
Total Revenues, 2 Yr. CAGR %	27,84	3,69	−10,58	−4,37	0,88
Earnings From Cont. Operations, 2 Yr. CAGR %	46,71	−15,31	−39,53	−44,32	−27,08
Net Income, 2 Yr. CAGR %	46,71	−15,31	48,35	−50,95	−70,48
Normalized Net Income, 2 Yr. CAGR %	46,95	−14,87	−40,54	−43,65	−26,15
Diluted EPS Before Extra, 2 Yr. CAGR %	46,16	−14,79	−39,45	−44,22	−27,08
Gross Loans, 2 Yr. CAGR %	14,82	12,7	14,44	2	−5,64
Allowance For Loan Losses, 2 Yr. CAGR %	23,8	12,23	5,46	−6,88	−3,86
Net Loans, 2 Yr. CAGR %	14,72	12,7	14,55	2,11	−5,66
Non Performing Loans, 2 Yr. CAGR %	-	-	-	-	39,67
Non Performing Assets, 2 Yr. CAGR %	-	-	-	-	39,67
Total Assets, 2 Yr. CAGR %	23,42	8,32	5,92	−0,54	−2,92
Total Deposits, 2 Yr CAGR %	25,66	9,81	3,49	−2,92	−1,48
Tangible Book Value, 2 Yr. CAGR %	7,79	0,7	−11,45	−9,61	0,97
Common Equity, 2 Yr. CAGR %	7,79	0,7	−11,45	−9,61	0,97
Total Equity, 2 Yr. CAGR %	7,79	0,7	−11,45	−9,61	0,97
Treårig Sammansatt Årlig Tillväxthastighet
Net Interest Income, 3 Yr. CAGR %	19,31	19,03	3,17	−3,4	−5,64
Non Interest Income, 3 Yr. CAGR %	67,33	−14,1	−41,2	−32,44	−12,12
Provision For Loan Losses, 3 Yr. CAGR %	−16,31	25,6	−68,25	33,07	−36,42
Total Revenues, 3 Yr. CAGR %	25,49	14,09	−1,83	−6,43	−3,14
Earnings From Cont. Operations, 3 Yr. CAGR %	41,01	12,16	−26,31	−49,08	−23
Net Income, 3 Yr. CAGR %	41,01	12,16	34,04	−45,98	−33,62
Normalized Net Income, 3 Yr. CAGR %	41,24	12,62	−27,11	−49,36	−22,17
Diluted EPS Before Extra, 3 Yr. CAGR %	40,35	12,38	−26,27	−49,03	−22,91
Gross Loans, 3 Yr. CAGR %	16,99	16,75	11,28	7,89	−1,14
Allowance For Loan Losses, 3 Yr. CAGR %	22,59	23,14	4,77	1,84	−5,5
Net Loans, 3 Yr. CAGR %	16,92	16,67	11,36	7,96	−1,09
Total Assets, 3 Yr. CAGR %	22,8	18,17	6,71	2,33	−0,81
Total Deposits, 3 Yr CAGR %	25,03	19,44	6,18	0,56	−1,23
Tangible Book Value, 3 Yr. CAGR %	6,82	3,09	−5,52	−8,33	−5,35
Common Equity, 3 Yr. CAGR %	6,82	3,09	−5,52	−8,33	−5,35
Total Equity, 3 Yr. CAGR %	6,82	3,09	−5,52	−8,33	−5,35
Femårig sammansatt årlig tillväxthastighet
Net Interest Income, 5 Yr. CAGR %	17,77	16,56	9,09	6,57	2,32
Non Interest Income, 5 Yr. CAGR %	12,9	2,3	5,25	−11,32	−32
Provision For Loan Losses, 5 Yr. CAGR %	−15,25	34,42	−29,07	−6,8	−29,17
Total Revenues, 5 Yr. CAGR %	17,66	14,25	9,58	6,01	−0,75
Earnings From Cont. Operations, 5 Yr. CAGR %	5,37	40,22	0,5	−22,24	−26,62
Net Income, 5 Yr. CAGR %	5,37	40,22	43,9	−19,44	−26,82
Normalized Net Income, 5 Yr. CAGR %	36,79	16,09	−0,08	−22,45	−26,73
Diluted EPS Before Extra, 5 Yr. CAGR %	−3,78	39,08	0,27	−22,32	−26,6
Gross Loans, 5 Yr. CAGR %	16,63	17,74	15,96	10,61	4,18
Allowance For Loan Losses, 5 Yr. CAGR %	18,01	20,14	15,43	10,11	1,23
Net Loans, 5 Yr. CAGR %	16,61	17,71	15,97	10,61	4,21
Total Assets, 5 Yr. CAGR %	20,07	18,87	15,74	10,3	2,75
Total Deposits, 5 Yr CAGR %	20,46	20,8	15,92	9,94	3,04
Tangible Book Value, 5 Yr. CAGR %	15,52	3,53	−0,9	−2,19	−2,98
Common Equity, 5 Yr. CAGR %	15,52	3,53	−0,9	−2,19	−2,98
Total Equity, 5 Yr. CAGR %	15,52	3,53	−0,9	−2,19	−2,98