Financial Ratios Grand River Commerce, Inc.

Stocks

GNRV

US3864411091

Banks

Market Closed - OTC Markets 07:07:44 20/08/2026 pm IST			5-day change	1st Jan Change
5.210 ^USD	-1.91%		-1.91%	+36.75%

05/08	Grand River Commerce, Inc. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
12/06	Isabella Bank Corporation entered into an Agreement and Plan of Merger to acquire Grand River Commerce, Inc. for $50.4 million.	CI

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Published financial data: GRAND RIVER COMMERCE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Interest Income On Loans	1.57Cr	1.76Cr	2.4Cr	2.67Cr	2.48Cr
Interest Income On Investments	4L	14.71L	16.89L	17.41L	20.66L
Interest Income, Total	1.61Cr	1.91Cr	2.57Cr	2.84Cr	2.69Cr
Interest On Deposits	19.1L	34.5L	1.16Cr	1.37Cr	1.18Cr
Total Interest On Borrowings	6L	6L	18.41L	24.48L	24.21L
Interest Expense, Total	25.3L	40.83L	1.34Cr	1.62Cr	1.43Cr
Net Interest Income	1.36Cr	1.5Cr	1.23Cr	1.22Cr	1.26Cr
Gain (Loss) on Sale of Loans	29.14L	7L	5L	6L	3L
Total Other Non Interest Income	3L	4L	3L	4L	3L
Non Interest Income, Total	31.81L	11.34L	9L	10L	6L
Revenues Before Provison For Loan Losses	1.67Cr	1.61Cr	1.32Cr	1.32Cr	1.32Cr
Provision For Loan Losses	2L	10.62L	-49T	-4L	-3L
Total Revenues	1.66Cr	1.51Cr	1.33Cr	1.36Cr	1.35Cr
Salaries And Other Employee Benefits	84.22L	1.16Cr	98.79L	91.3L	80.8L
Stock-Based Compensation (IS)	-	-	-	-	-
Occupancy Expense	4L	7L	6L	6L	6L
Federal Deposit Insurance	4L	4L	6L	6L	7L
Selling General & Admin Expenses, Total	19.79L	31.31L	24.22L	28.01L	24.6L
Total Other Non Interest Expense	11.76L	20.22L	12.29L	10L	9L
Non Interest Expense, Total	1.23Cr	1.79Cr	1.48Cr	1.41Cr	1.27Cr
EBT, Excl. Unusual Items	42.43L	-28.07L	-15L	-6L	8L
EBT, Incl. Unusual Items	42.43L	-28.07L	-15L	-6L	8L
Income Tax Expense	9L	-6L	-3L	-1L	2L
Earnings From Continuing Operations	33.17L	-21.74L	-12.13L	-4L	6L
Earnings Of Discontinued Operations	-	-	-60.87L	-85T	-9T
Net Income to Company	33.17L	-21.74L	-73L	-5L	6L
Net Income - (IS)	33.17L	-21.74L	-73L	-5L	6L
Net Income to Common Incl Extra Items	33.17L	-21.74L	-73L	-5L	6L
Net Income to Common Excl. Extra Items	33.17L	-21.74L	-12.13L	-4L	6L
Per Share Items
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	67.49L	69.62L	70.38L	70.39L	70.39L
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	70.74L	70.22L	70.38L	74.71L	70.39L
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
Supplemental Items
Effective Tax Rate - (Ratio)	21.82	22.55	19.13	20.51	21.15
Current Domestic Taxes	7L	-	-	-6T	79T
Total Current Taxes	7L	-	-	-6T	79T
Deferred Domestic Taxes	3L	-6L	-3L	-1L	94T
Total Deferred Taxes	3L	-6L	-3L	-1L	94T
Normalized Net Income	26.52L	-17.54L	-9L	-3L	5L
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	1L	4L	-2L	35T	1T
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	1L	4L	-2L	35T	1T

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	8.43Cr	4.84Cr	2.2Cr	2.35Cr	4.66Cr
Investment Securities, Total	58.7L	59.9L	56.63L	52.98L	68.99L
Mortgage Backed Securities	1.22Cr	90.46L	82.19L	71.33L	99.46L
Total investments	1.81Cr	1.5Cr	1.39Cr	1.24Cr	1.68Cr
Gross Loans	38Cr	46Cr	50Cr	48Cr	45Cr
Allowance For Loan Losses	-48.66L	-59.28L	-54.12L	-51.4L	-50.02L
Net Loans	38Cr	46Cr	50Cr	47Cr	44Cr
Gross Property Plant And Equipment	41.21L	70.87L	64.24L	58.15L	52.87L
Accumulated Depreciation	-17.86L	-23.15L	-26.15L	-27.65L	-29.07L
Net Property Plant And Equipment	23.35L	47.72L	38.09L	30.5L	23.8L
Investment in FHLB	5L	7L	18.41L	22.51L	26.64L
Loans Held For Sale	10.14L	4L	12.55L	5L	7L
Accrued Interest Receivable	9L	12.73L	15.54L	14.86L	15.25L
Other Current Assets, Total	-	-	33.49L	17T	5T
Deferred Tax Assets Long-Term (Collected)	10.01L	21.91L	40.47L	41.82L	39.05L
Other Long-Term Assets, Total	39.87L	21.52L	22.3L	22.58L	21.37L
Total Assets	49Cr	53Cr	55Cr	52Cr	52Cr
Liabilities
Interest Bearing Deposits	27Cr	29Cr	32Cr	31Cr	32Cr
Institutional Deposits	5Cr	4.47Cr	3.96Cr	3.57Cr	3.27Cr
Non-Interest Bearing Deposits	11Cr	12Cr	9.6Cr	8.98Cr	8.8Cr
Total Deposits	43Cr	46Cr	46Cr	44Cr	44Cr
Short-Term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	1.7Cr	1.8Cr	1Cr
Current Portion of Leases	-	3L	5L	4L	3L
Long-Term Debt	80.19L	80.45L	1.54Cr	1.55Cr	1.57Cr
Federal Home Loan Bank Debt - Long-Term	45L	1.45Cr	1.75Cr	1.75Cr	75L
Long-Term Leases	-	21.15L	17.16L	13.11L	10.58L
Accrued Interest Payable	59T	3L	10L	7L	7L
Other Current Liabilities - (Bank / Utility Template)	-	-	10L	3L	3L
Other Non Current Liabilities	35.78L	5L	11.96L	6L	8L
Total Liabilities	44Cr	49Cr	51Cr	49Cr	48Cr
Common Stock, Total	68T	70T	70T	70T	70T
Additional Paid In Capital	3.95Cr	4.12Cr	4.1Cr	4.1Cr	4.1Cr
Retained Earnings	59.96L	38.22L	-34.78L	-40.01L	-33.65L
Comprehensive Income and Other	-1L	-22.09L	-19.56L	-20.61L	-13.73L
Total Common Equity	4.54Cr	4.28Cr	3.56Cr	3.5Cr	3.63Cr
Total Equity	4.54Cr	4.28Cr	3.56Cr	3.5Cr	3.63Cr
Total Liabilities And Equity	49Cr	53Cr	55Cr	52Cr	52Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	67.32L	70.26L	70.39L	70.39L	70.39L
ECS Total Common Shares Outstanding	67.32L	70.26L	70.39L	70.39L	70.39L
Book Value / Share	6.75	6.1	5.06	4.97	5.16
Tangible Book Value	4.54Cr	4.28Cr	3.56Cr	3.5Cr	3.63Cr
Tangible Book Value Per Share	6.75	6.1	5.06	4.97	5.16
Total Debt	1.25Cr	2.5Cr	5.2Cr	5.28Cr	3.45Cr
Federal Funds Sold	7L	6L	-	-	-
Net Debt	-7.18Cr	-2.34Cr	3.01Cr	2.93Cr	-1.21Cr

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	33.17L	-21.74L	-73L	-5L	6L
Depreciation, Depletion & Amortization	3L	5L	5L	8L	8L
Total Depreciation, Depletion & Amortization	3L	5L	5L	8L	8L
Amortization of Deferred Charges, Total	-	26T	70T	2L	2L
Gain (Loss) on Sale of Loans & Receivables - (CF)	-29.14L	-7L	-30.8L	-6L	-3L
(Gain) Loss on Sale of Investments - (CF)	42T	40T	38T	40T	32T
Provision for Credit Losses	2L	10.62L	-49T	-4L	-3L
Stock-Based Compensation (CF)	1L	4L	-2L	35T	1T
Net (Increase) Decrease in Loans Originated / Sold - Operating	92.88L	12.77L	-9L	45.33L	60T
Changes in Accrued Interest Receivable	-22.34L	-7L	-4L	68T	60T
Changes in Accrued Interest Payable	22.5L	-4L	12.77L	-21.58L	-5L
Change In Deferred Taxes	2L	-6L	-	-	-
Change in Other Net Operating Assets (Collected)	-	-	4L	4L	4L
Other Operating Activities	-	-	-15.12L	-1L	94T
Net Cash From Discontinued Operations	-	-	3L	18T	-
Cash from Operations	1.05Cr	-13.81L	-1.09Cr	23.41L	11.88L
Capital Expenditure	-14.58L	-7L	-3T	-28T	-79T
Sale of Property, Plant, and Equipment	-	-	-	-	4T
Investment in Marketable and Equity Securities, Total	-1.1Cr	4L	14.38L	12.78L	-35.75L
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.9Cr	-7.91Cr	-3.94Cr	2.05Cr	3.43Cr
Other Investing Activities, Total	-	-3L	-13.69L	-5L	-4L
Cash from Investing	-3.15Cr	-7.97Cr	-3.93Cr	2.13Cr	3.02Cr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	1Cr	3.73Cr	1.8Cr	10Cr
Total Debt Issued	-	1Cr	3.73Cr	1.8Cr	10Cr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-1.28Cr	-	-1Cr	-1.7Cr	-12Cr
Total Debt Repaid	-1.28Cr	-	-1Cr	-1.7Cr	-12Cr
Issuance of Common Stock	57T	12.88L	-	-	-
Net Increase (Decrease) in Deposit Accounts - (CF)	4.5Cr	3.38Cr	-33.63L	-2.32Cr	96.78L
Cash from Financing	3.22Cr	4.51Cr	2.39Cr	-2.22Cr	-83.22L
Net Change in Cash	1.12Cr	-3.59Cr	-2.63Cr	14.34L	2.31Cr
Supplemental Items
Cash Interest Paid	25.77L	38.83L	1.27Cr	1.65Cr	1.42Cr
Net Debt Issued / Repaid	-1.28Cr	1Cr	2.73Cr	10L	-1.8Cr

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
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	-19.44L	-74.71L	-1.2Cr	-47.61L	-36.43L
Margin Analysis
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
Asset quality
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 %	-	-	4.71T	11.68T	55.58T
Allowance for Credit Losses / Nonperforming Loans %	-	-	1.16T	1.12T	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	-3.03T
Capital And Funding
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
Fixed Charges Coverage
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
Growth Over Prior Year
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
Compound Annual Growth Rate Over Two Years
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
Compound Annual Growth Rate Over Three Years
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
Compound Annual Growth Rate Over Five Years
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